What Is the First Step That Managers Take to Make

question 128

Multiple Choice

What is the first step that managers take to make sense of their changing environments?

• A)environmental scanning  
• B)perceptual re-engagement  
• C)modification of budgets  
• D)benchmarking

Recognize the importance of performance measurement in supply chain management.

Understand the complex nature of supply chains and the factors contributing to their complexity.

Identify the impact of consumer empowerment on supply chain management.

Understand the issues and challenges in developing and sustaining an efficient and effective supply chain.

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Definitions:

WACC

Refers to the Weighted Average Cost of Capital, a method to determine a company's capital cost where each type of capital is weighted according to its proportion.

Project Risk

The potential for losses or negative outcomes on a project due to various factors such as cost overruns, underperformance, or market changes.

Equity Financing

A method of raising capital by selling company shares to investors, thereby offering them a portion of the ownership.

Weighted Average Cost

An inventory valuation method that calculates inventory and cost of goods sold based on the average cost of all similar items in inventory.