Supply Chain and Logistics Managers Play a Large Part in the Manufacture

question 156

Multiple Choice

Supply chain and logistics managers play a large part in the manufacture of automobiles.In fact, logistics costs account for __________ percent of the retail price of a typical new car.

• A)25-30
• B)40-45
• C)50-60
• D)65-67
• E)over 70

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Definitions:

Budgeting Guidelines

Recommended practices or principles for managing finances, often outlining how to allocate resources effectively across different areas of spending.

Justify Costs

The process of demonstrating that expenses or prices are reasonable and necessary for the completion of a project or the procurement of goods or services.

Scope of Project

The boundaries and extent of what a project will cover, including its goals, deliverables, tasks, and resources.

Funding

The act of providing financial resources to support a program, project, or organization.