Which of the Following Statements Regarding Supply Chains Is Most

question 300

Multiple Choice

Which of the following statements regarding supply chains is most accurate?

• A)The most common form of supply chain is the collaborative-response efficiency strategy.
• B)In order for a supply chain to work effectively,key decisions should be made by a third-party logistics provider.
• C)There is no one best supply chain for every company.
• D)The longer the supply chain,the greater the economies of scale and the better the profit margins.
• E)Supply chains should consider the needs of suppliers,provided those needs are consistent with marketing strategies.

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Definitions:

Percentage Completion

A measure used in accounting and project management to indicate the progress of projects or production, based on the completion percentage of the total work.

Process Costing System

A method used to assign production costs to units of product when nearly identical products are mass produced.

Overhead Allocated

The portion of overhead costs assigned to a specific product, department, or project.

Work in Process Account

An account that tracks the costs associated with unfinished goods that are still in the production process.