Which Types of Systems Are Widely Used by Manufacturing and Distribution

question 62

Multiple Choice

Which types of systems are widely used by manufacturing and distribution firms to connect to suppliers on a global basis?

• A)TPS systems
• B)EDI systems
• C)CRM systems
• D)enterprise systems
• E)management information systems

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Definitions:

User Cost

The cost of using a good or service, including the actual price paid and other sacrifices (like time or effort).

Oil Reserves

Quantities of crude oil that are confirmed to be recoverable under current economic and operating conditions.

Hotelling Rule

A principle from the economics of non-renewable resource management suggesting that the net price of a resource should increase at the rate of interest over time to ensure efficient extraction and usage.

Marginal Cost

The expense incurred from manufacturing an extra unit of a product or service.