External Logistics Systems Refer to ______

question 16

Multiple Choice

External logistics systems refer to ______.

• A)the collection,transportation,and distribution of goods between suppliers and the plant
• B)the flow of raw materials between steps in the manufacturing process
• C)the dispatch of goods from plant to quality control center
• D)the collection,transportation,and distribution of goods between different work stations inside one manufacturing facility

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Definitions:

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the correct period.

Total Contract

Refers to the complete agreement and its associated financial value in a contractual arrangement between parties.

Depreciation Expense

Depreciation expense is the allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to wear and tear, age, or obsolescence.

Plant Asset

Long-term assets such as buildings, machinery, and equipment used in the operations of a business.