Which of the Following Statements Is True About Information Flow,a

question 86

Multiple Choice

Which of the following statements is true about information flow,a key element of supply chain execution?

• A) A key element of information flow is to foresee external events.
• B) Information can only flow up the supply chain.
• C) It refers to the use of key performance indicators to monitor performance of the entire supply chain.
• D) The key element to the information flow is the complete removal of paper documents.
• E) It refers primarily to the movement of financial assets throughout the supply chain.

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Definitions:

Linear

Pertaining to something that is straight or sequential, often used to describe processes or relationships that have a constant rate of change.

Downward-Sloping

Describes a line on a graph that decreases in height as it moves from left to right, indicating a negative relationship between two variables.

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in the product's price, indicating that consumers are less sensitive to price changes.

Total Revenue

The total receipts from sales of a given quantity of goods or services. It is the total income of a business from its sales activity.