Which of the Following Statements Regarding Supply Chains Is Most

question 60

Multiple Choice

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

• A)The best supply chain is the one that is consistent with the needs of the customer segment being served and complements a company's marketing strategy.
• B)The most common form of supply chain is the collaborative-response efficiency strategy.
• C)In order for a supply chain to work effectively,key decisions should be made by a third-party logistics provider.
• D)The longer the supply chain,the greater the economies of scale and the better the profit margin.
• E)Supply chains should consider the needs of suppliers,provided those needs are consistent with marketing strategies.

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Definitions:

Foreign Corrupt Practices Act

A United States law that prohibits U.S. companies and their employees from bribing foreign officials for business purposes.

Bribe

A sum of money or other valuable consideration given or promised with a view to corrupt the behavior of a person, typically to influence official actions or decisions.

Bretton Woods Agreement

A series of agreements made in 1944 that established the rules for commercial and financial relations among major world economies, leading to the creation of the International Monetary Fund and the World Bank.

International Monetary Fund

An international organization that aims to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.