Supply Chain Management Is Related to Customer Relationship Management in the Following

question 26

Multiple Choice

Supply chain management is related to customer relationship management in the following way:

• A) the supply chain allows companies to market to customers efficiently
• B) SCM and CRM are both parts of EDI
• C) SCM and CRM are competing business theories
• D) CRM and SCM can share information and are critical to each other due to data integration
• E) SCM gets parts from suppliers to sell to customers online

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Definitions:

Adjusted Trial Balance

A record containing all accounts with their adjusted balances, utilized for the creation of financial statements.

Accounting Cycle

The series of steps followed by an accounting department to collect, process, and report financial transactions each period.

Closing Entries

Accounting journal entries made at the end of an accounting period to transfer temporary accounts' balances to permanent accounts, thus preparing the books for the next period.

Accounting Cycle

The process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation in the financial statements, followed by closure of accounts.