Which of the Following Statements Is TRUE About Physical Distribution

question 73

Multiple Choice

Which of the following statements is TRUE about physical distribution and logistics?

• A) Physical distribution refers to the planning, movement, and flow of goods and related information throughout the supply chain.
• B) Forecasting includes a number of activities, such as recording the sale, making the appropriate accounting entries, and billing the customer.
• C) Containerized shipping restricts flexibility in transportation.
• D) Air transport tends to be the cheapest method of transportation.
• E) In a typical distribution center, goods produced at a variety of locations are collected, sorted, coded, and redistributed to fill customer orders.

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Definitions:

Common Stock

A type of security that represents ownership in a corporation, entitling holders to a share of the company’s profits through dividends and/or capital appreciation.

Photography Equipment

Tools and devices used in the process of capturing photographs, such as cameras, lenses, lighting, and accessories.

Cash Account

An account that records cash transactions, including receipts and payments of cash.

Ledger Account

A record in the ledger that contains the financial information of a specific account, showing all the changes in that account.