Which of the Following Statements Is NOT True Regarding Supply

question 1

Multiple Choice

Which of the following statements is NOT true regarding supply chain management?

• A)Globalization has slowed the growth of supply chain management.
• B)Supply chain management is a way of viewing operations management.
• C)Supply chain management has grown as a result of a focus on core competencies.
• D)Supply chain management is about making the most of relationships with suppliers. Globalization has increased the growth of supply chain management.SCM involves relationships with customers and partners, not just suppliers.

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Definitions:

Match of Expenses

The accounting principle of recognizing expenses in the same period as the revenues they helped to generate.

Revising Depreciation Estimates

Adjusting the period or method used for depreciating a fixed asset due to changes in its expected useful life or salvage value.

Past Periods

Previous time frames or accounting periods, which have already concluded and for which financial statements are typically finalized.

Accelerated Depreciation Method

A depreciation method that provides for a higher depreciation amount in the first year of the asset’s use, followed by a gradually declining amount of depreciation.