Which of the Following Statements About Managing a Supply Chain

question 23

Multiple Choice

Which of the following statements about managing a supply chain is true?

• A)Managing supply chains has become difficult over the years,as it involves working with a large number of organizations.
• B)Managing supply chains has become easier,as a large number of operations are outsourced to other companies.
• C)The difficulty of managing supply chains has remained about the same.
• D)Managing supply chains has become easier,as an organization can function simply by offshoring all its operations.

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Definitions:

Economic Data

Economic data refers to quantitative information concerning the economy, which includes statistics on inflation, employment, GDP, and market transactions.

Yen

The official currency of Japan, represented by the symbol ¥.

Prepaid Expenses

Payments made for goods or services to be received in the future, considered an asset because they provide future economic benefits to the company.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities, either for-profit or nonprofit.