The Integration of Two or More Activities to Plan, Implement

question 109

Multiple Choice

The integration of two or more activities to plan, implement, and control the efficient flow of raw materials, in-process inventory, and finished goods from the point of origin to the point of consumption is called:

• A)marketing management.
• B)resource management.
• C)logistics management.
• D)total quality management.
• E)production management.

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Definitions:

Contribution Rate

The contribution margin expressed as a percentage of the unit selling price.

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent or salaries.

Net Income

The amount of money left after subtracting all expenses, taxes, and costs from total revenue.

Variable Cost

A cost that varies depending on the level of output or activity, such as materials or labor costs in manufacturing.