Management of the Network of Facilities and People That Obtains

question 65

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) Customer service.
• E) Supply chain management.

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity and operational efficiency.

Executive Pay

Compensation that includes salaries, bonuses, stocks, and other financial benefits provided to top-level management and executives.

Expense Account

An account used to track expenditures made by employees for business operations that are later reimbursed by the employer.

Executive Travel

Business travel undertaken by a company's executives or senior managers for purposes such as meetings, conferences, and corporate events.