The Growth of the Service Sector in the United States

question 10

Multiple Choice

The growth of the service sector in the United States has ______.

• A)limited the number of career possibilities for professionals in supply chain management
• B)been about the same as the growth in manufacturing sector
• C)led to the decline in importance for supply chain management as this is relevant only to physical goods and services
• D)increased career opportunities for professionals in supply chain management

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Definitions:

EBITDA

Earnings Before Interest, Taxes, Depreciation, and Amortization, a measure of a company's operating performance.

Revenue

The total amount of money generated from the sale of goods, services, or any other use of capital or assets, before any expenses are deducted.

Inventory Level

The number of units of products or materials that are kept in stock by a business.

Period Cost

Costs that are taken directly to the income statement as an expense in the period in which they are incurred, not directly tied to the production of inventory.