Ethics Are

question 8

Multiple Choice

Ethics are:

• A)the set of laws established by the government.
• B)promises of loyalty or allegiance to a cause or a person.
• C)the principles and standards that guide our behavior toward other people.
• D)a list of common religious customs and traditions.

Comprehend the impact of supply chain management on operational efficiency and how it contributes to competitive advantage.

Appreciate the continuous improvement processes in organizations and how they support operational excellence.

Analyze the role of technology in modern manufacturing and service delivery.

Understand the concept of the value chain and its analysis to improve efficiency and effectiveness in operations.

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Definitions:

Sales Budget

A financial plan that estimates the expected revenues from sales for a specific period, serving as a component of a company's overall budgeting process.

Direct Materials Purchases

The total cost of raw materials bought during a period for use in the production process.

Material A

A placeholder term often used to refer to a specific type of raw material used in manufacturing or production processes.

Direct Materials

Raw materials that can be directly attributed to the production of specific goods or services.