What Has the Increased Importance of Costing Activities in the Value

question 171

Multiple Choice

What has the increased importance of costing activities in the value chain and determining the cost of different suppliers and customers led to?

• A)the emergence of OLAP
• B)the emergence of EDI
• C)the emergence of CAM
• D)the emergence of theory of constraints

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Definitions:

Equilibrium Outcome

This term describes a state in a market or game where all participants' actions are balanced, and no incentive exists to deviate from the chosen strategy.

Monopoly Wage Rate

The wage setting behavior of a monopolist employer who might set wages below competitive levels due to lack of competition in the labor market.

Competitive Wage Rate

The equilibrium wage set in a market where the demand for labor meets the supply, with no individual employer able to influence the wage rate.

Bilateral Monopoly

A bilateral monopoly occurs when a market consists of a single supplier and a single buyer.