Focusing a Supply Chain on ________________ Is a Modern Way

question 52

Multiple Choice

Focusing a supply chain on ________________ is a modern way of ensuring high quality inputs and a ready supply of process-improvement ideas.

• A)lowest cost-per unit sourced
• B)close, collaborative ties with suppliers
• C)suppliers that emphasized continuous-flow production
• D)ISO 14000 customers
• E)partners pursuing similar strategies

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit customers by dividing net credit sales by the average accounts receivable.

Industrial Averages

Statistical measures that represent the performance of the industrial sector within an economy, often used as indicators for stock market trends.

Financial Statements

Documents that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Accounting Statements

Financial documents that summarize the financial status and performance of a company, including the balance sheet, income statement, and cash flow statement.