Growth of the Supply Chain Management Perspective in Operations Management

question 15

Multiple Choice

Growth of the supply chain management perspective in operations management results from the advent of:

• A)Technology and infrastructure advances.
• B)Collaborative networks.
• C)A focus on core capabilities.
• D)All of these. In addition to the three listed alternatives, reduction in trade barriers also contributed to growth of the supply chain perspective.

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Definitions:

Note Payable

A written promise to pay a specific amount of money, either on demand or at a set future date, typically evidenced by a formal legal document.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made for accruals, deferrals, and other adjustments, used in the preparation of financial statements.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

Permanent Accounts

Accounts that are not closed at the end of the accounting period, hence carry their balances over into the next period; these include asset, liability, and equity accounts.