Which of the Following Statements Is True of a Company's

question 34

Multiple Choice

Which of the following statements is true of a company's value chain?

• A)Marketing, sales, and customer service are the support activities.
• B)The research and development department coordinates the recruitment of personnel for all aspects of the organization.
• C)The marketing department sources the components and builds the product.
• D)Supply chain management and operations are the primary activities.

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Definitions:

Personal Property Security Act

Legislation governing the use of personal property as security for a loan or obligation, detailing rights concerning collateral.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.

Guarantee

A written commitment whereby a guarantor agrees to pay a debt if the debtor does not.

Indemnity

A contractual obligation of one party to compensate for the loss or damage incurred by another party.