Supply Chain Management

question 114

Multiple Choice

Supply chain management

• A)helps to ensure delivery of goods and services to customers of the highest value but increases costs.
• B)helps to ensure delivery of goods and services to customers of the highest value at the lowest costs.
• C)helps to ensure delivery of goods and services to customers at the lowest cost but can comprise quality.
• D)increases inventory across the supply chain.

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Definitions:

Alternative Investments

Investments in non-traditional assets, such as real estate, hedge funds, or commodities, as opposed to stocks and bonds.

Accumulated Depreciation

The contra asset account credited when recording the depreciation of a fixed asset.

Replacement Equipment

Replacement equipment refers to new or updated equipment purchased to replace old or obsolete versions to maintain or enhance operational efficiency.

Sunk Cost

Costs that have already been incurred and cannot be recovered, which should not influence future business decisions.