Which of the Following Is a Benefit of Having an Efficient

question 71

Multiple Choice

Which of the following is a benefit of having an efficient supply chain?

• A) Fewer associates are needed to replenish stock
• B) Having assortments that the customer wants
• C) Less negotiating with vendors
• D) More time for customer services
• E) Planning strategy becomes more predictable

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Definitions:

Cash Dividend

A distribution of profits by a company to its shareholders in the form of cash.

Comparative Balance Sheet

A financial statement that displays the company's financial position at different periods of time side by side for comparison.

Direct Method

A method of reporting cash flows from operating activities by showing major classes of gross cash receipts and payments.

Accounts Receivable

Receivables from customers to a business for goods or services that have been supplied but payment has not been made.