Figure 13-12 -Figure 13-12 Above, Indicates That Supply Chain Managers Must Balance

question 78

Multiple Choice

Figure 13-12
-Figure 13-12 above, indicates that supply chain managers must balance total logistics cost factors against customer service factors.The four customer service factors (a, b, c, and d) include all of the following except _________.

• A)communication
• B)dependability
• C)convenience
• D)place
• E)time

Describe the role of balanced scorecards in enhancing organizational performance.

Calculate and interpret financial ratios to assess organizational financial health.

Understand the applications of just-in-time (JIT) scheduling in managing production and minimizing costs.

Familiarize with the concepts and calculations related to asset management and leverage.

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Definitions:

Disposable Income

The budget left for household savings and spending after the deduction of income taxes.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing basic necessities that individuals will purchase regardless of their income.

APC

It is defined as the proportion of income that goes into consumption expenses, termed as the Average Propensity to Consume.

Disposable Income

Fiscal assets at households' disposal for spending and saving after income taxes have been subtracted.