In Hau Lee's Uncertainty Framework to Classify Supply Chains, a Supply

question 48

Multiple Choice

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with a stable supply process is called which of the following?

• A) Efficient
• B) Forward looking
• C) Agile
• D) Risk hedging
• E) Responsive

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Definitions:

Prime Cost

The sum of direct materials and direct labor costs that are directly attributable to the production of a product.

Product Cost

The total expenditure incurred to produce a product, including direct materials, direct labor, and overhead.

Manufacturing Plant

A facility used for the production of goods, equipped with machinery and labor force necessary for the manufacturing process.

Ending Finished Goods Inventory

Ending finished goods inventory is the value of all completed products that have not been sold by the end of an accounting period, ready for delivery to customers.