Which of the Following Is a Correct Statement Regarding Past

question 50

Multiple Choice

Which of the following is a correct statement regarding past consideration?

• A)It is not consideration that will support a binding contract.
• B)It is consideration that will support a binding contract.
• C)It is consideration that can support a binding contract,but only in a transaction that relates to the employment setting.
• D)It is consideration that can support a binding contract,but only in a transaction that concerns the provision of services.
• E)It is consideration that can support a binding contract,but only in a commercial context.

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Definitions:

Supply Chain Management

The active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage, encompassing everything from production to product delivery.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Pull Strategy

A supply chain strategy in which customer orders drive manufacturing and distribution operations.

Transportation Management

The process of planning, executing, and optimizing the movement of goods and materials from their point of origin to their final destination.