Practice of Organizing the Cost-Effective Flow of Raw Materials,in-Process Inventory,finished

question 82

Multiple Choice

practice of organizing the cost-effective flow of raw materials,in-process inventory,finished goods,and related information from point of origin to point of consumption to satisfy customer requirements is referred to as __________.

• A) marketing channel oversight
• B) logistics management
• C) production management
• D) manufacturer distribution logistics
• E) supply-chain management

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Definitions:

Average Tax Rate

The percentage of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the total income.

Regressive

A term usually used to describe a tax system in which the tax rate decreases as the taxable amount increases, effectively placing a higher burden on lower-income earners.

Indirect

Pertains to actions, effects, or financial transactions that are not direct or straightforward, often referring to indirect taxes or costs.

Direct

A straightforward approach or method that does not involve intermediaries or detours.