Which of the Following Is Not One Key Characteristics of Companies

question 23

Multiple Choice

Which of the following is not one key characteristics of companies that are successful at managing the pressures resulting from global complexity according to the Deloitte Touche report?

• A)improved internal business processes in the areas of customers, products, and supply chains
• B)better use of technology to increase integration within and among the areas of customers, products and supply chain
• C)pursuit of new lucrative marketing channels
• D)better general capabilities in the areas of collaboration, flexibility, visibility, and technology

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Definitions:

Cost of Goods Sold

The direct costs tied to the production of goods sold by a company, including both materials and labor costs.

Perpetual Inventory System

An inventory management method where inventory updates are made continuously as sales are made and purchases are received.

Last-In, First-Out

An inventory valuation method that assumes the most recently produced items are sold first, with costs of the latest inventory purchases recorded as cost of goods sold.

Inventory

The sum of products and materials a company has in stock for the purpose of selling or utilizing in manufacturing processes.