What Does Supply Chain Management Involve

question 1

Multiple Choice

What does supply chain management involve?

• A) The management of production material flows between and among stages in a supply chain to maximize total supply chain efficiency.
• B) The management of information flows between and among stages in a supply chain to maximize total supply chain costs.
• C) The management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability.
• D) None of these.

---

Definitions:

Debt Securities

Financial instruments representing money borrowed that must be repaid, such as bonds or notes.

Bonds

Financial instruments representing a loan made by an investor to a borrower, typically corporations or governmental entities, which pays back with interest.

Corporation

A legal entity recognized by law as separate from its owners, with its own rights, responsibilities, and liabilities.

Legal Entities

Organizations or structures that have legal rights and obligations, including the capacity to enter into contracts and sue or be sued.