Which of the Following Statements Reflects the Underlying Philosophy Behind

question 34

Multiple Choice

Which of the following statements reflects the underlying philosophy behind the concept of supply chain management?

• A)Every company for himself.
• B)Money makes the world go 'round.
• C)You get out of it what you put into it.
• D)No company is an islanD.
• E)Better late than never.

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Definitions:

Federal Law

The body of law created by the federal government of a country, which applies to all its citizens and territories.

Constitutional Law

The general limits and powers of a government as interpreted from its written constitution.

Common Law

A legal framework that relies on court rulings and past case decisions instead of laws passed by legislation.

Quasi-Contracts

Quasi-contracts are legal obligations imposed by courts in order to prevent unjust enrichment, even though no actual contract exists.