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Answer the following question(s) using the information below.Abernathy Corporation used the following data to evaluate their current operating system.The company sells items for $10 each and used a budgeted selling price of $10 per unit.
-What is the static-budget variance of operating income?
Responsiveness
The ability of an organization or system to quickly react to changes or needs within its environment or among its stakeholders.
Supply Chain
The network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and eventually to the end user.
Replenishment Lead Time
The interval between the placement of an order and its delivery, significant in inventory management and planning.
Product Availability
The degree to which products are in stock and accessible to customers when they want to purchase them.
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