Different Activities in a Global Supply Chain ______

question 24

Multiple Choice

Different activities in a global supply chain ______.

• A)are of equal importance in the value they add
• B)may need to be traded-one against the other-to help managers prioritize
• C)can be avoided by doing all activities in-house
• D)none of these

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Definitions:

Average Collection Period

The average time it takes for a business to receive payments owed by its customers, indicating the effectiveness of its credit and collection policies.

Balance Sheet

A statement that presents an organization's assets, liabilities, and the equity of its shareholders at a distinct point in time.

Sales On Account

Transactions where goods are sold but payment is deferred to a later date.

Cost Of Goods Sold

The immediate expenses related to the manufacturing of products sold by a business, encompassing costs for both materials and labor.