In the Supply Chain,____ Is the Process Responsible for Choosing

question 48

Multiple Choice

In the supply chain,____ is the process responsible for choosing the suppliers and establishing the contract terms to provide the raw materials needed to create your product and deliver them to your manufacturing locations.

• A) sourcing
• B) demand planning
• C) manufacturing
• D) logistics

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Definitions:

Share Option

A right granted by a company to its employees or executives to purchase shares in the company at a preset price, often used as part of compensation packages.

Exercise Price

The specified price at which an option holder can buy (call) or sell (put) the underlying security or commodity.

Obligation

A duty or responsibility to act or perform in a certain way, often legally binding, resulting from a contract, law, or moral responsibility.

Shareholders

Individuals or entities that own shares in a corporation, giving them rights to dividends and a say in company matters, typically through voting.