Management of the Network of Facilities and People That Obtains

question 122

Multiple Choice

Management of the network of facilities and people that obtains materials from the outside,transforms them into products and distributes the products to customers is called

• A)collaboration.
• B)switching costs.
• C)cooptation.
• D)supply chain management.
• E)customer service.

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Definitions:

Primary Beneficiary

The primary beneficiary is the individual or entity designated to receive the benefits or proceeds of a policy or plan before any others.

Funeral Arrangements

The planning and provisioning for the burial or cremation and memorial services for a deceased person.

Will

A legal document by which a person expresses their wishes as to how their property is to be distributed at death, and names one or more persons to manage the estate.

Trust

A fiduciary relationship in which one party holds property or assets for the benefit of another based on an agreement.