The Term Supply Chain Management and the Field of Study

question 68

Multiple Choice

The term Supply Chain Management and the field of study it represents today seems to have emerged in the:​

• A)​1980's
• B)​1970's
• C)​1960's
• D)​1990's

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Definitions:

Reasonably Possible

Refers to a situation or outcome that is within the realm of likelihood, though not certain, based on current knowledge and circumstances.

Probable Loss

An anticipated financial loss that has a greater than 50% chance of occurring, often recognized in financial statements in accordance with accounting principles.

Estimable Loss

A projected financial loss that can be anticipated and measured with reasonable accuracy.

Financial Statement Disclosure

The provision of information in a company's financial statements beyond the basic financial numbers, aimed at giving a complete understanding of the company's financial health.