Which of the Following Statements Best Describes the Ultimate Goal

question 26

Multiple Choice

Which of the following statements best describes the ultimate goal of operations and supply chain strategies?

• A)to produce and deliver products or services to satisfy customers
• B)to produce and deliver products or services that delight customers
• C)to make sure customers receive defect-free products
• D)to make sure profits are maximized

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Definitions:

Depletion

The allocation of the cost of natural resources over their useful life or extraction period.

Double-Declining-Balance Method

A method of accelerated depreciation where an asset's book value is reduced at double the rate of its straight-line depreciation.

MACRS

Stands for Modified Accelerated Cost Recovery System, which is a method of depreciation used for tax purposes in the United States that allows for faster depreciation of assets.

Capital Expenditure

Capital utilized by a firm for the procurement or refurbishment of solid assets including real estate, production plants, or hardware.