Which of the Following Is TRUE Concerning the Value Chain

question 44

Multiple Choice

Which of the following is TRUE concerning the value chain of business functions?

• A)Managers should always proceed sequentially through the value chain, since distribution, for example, cannot occur before production is completed.
• B)Senior managers from individual parts of the value chain do not have a responsibility in deciding on the organization's overall strategy.
• C)An organization can only realize gains from having individual parts of the value chain work sequentially.
• D)The value chain refers to the value added to the customer from marketing.
• E)Senior managers from individual parts of the value chain have a responsibility in deciding how resources are to be obtained and used, and how rewards are to be given.

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Definitions:

Execution

The act of carrying out a plan, order, or course of action; in a legal context, it refers to the carrying out of a death sentence.

Republicanism

A political ideology centered around the concept of a republic, where the government's authority comes from the people and is exercised by elected representatives.

Slavery

A system in which individuals are owned by others, deprived of personal freedom and compelled to perform labor or services without the right to refuse.

Trading Rights

Legal permissions or entitlements to conduct trade within specific markets or territories, often regulated by treaties or laws.