Which of the Following Is Not One of the Three

question 22

Multiple Choice

Which of the following is not one of the three stages to global supply management presented in Chapter 12?

• A) International Purchasing
• B) Geopolitical Engagement
• C) Global Sourcing
• D) Global Supply Management

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Definitions:

Revenue

The revenue earned from regular business activities, factoring in discounts and allowances for returned goods.

Budget

An itemized forecast of an entity’s income and expenses expected for a specific period, usually showing how much money it intends to earn, spend, and save.

Donations

Voluntary transfers of resources, such as money or goods, to individuals or organizations without the expectation of direct return or compensation.

Spending Variances

Differences between the budgeted or standard cost amounts and the actual costs incurred.