Logistics Is the Process of Planning,implementing,and Controlling the Efficient and Effective

question 84

True/False

Logistics is the process of planning,implementing,and controlling the efficient and effective flow and storage of goods,services,and related information from point of origin to point of consumption to meet customer requirements.

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Definitions:

Adjusted Basis

The original cost of an asset, adjusted for factors like improvements or depreciation, used to calculate capital gains or losses for tax purposes.

Recognized Gain

The income gained through the disposal of an asset, which is required to be declared for taxation reasons.

Adjusted Basis

The value of an asset for tax purposes, adjusted for improvements, depreciation, and deductions, used to calculate gains or losses on sale or disposal.

Fair Market Value

The price at which an asset would be bought or sold in an open market.