Which of the Following Statements in the Perspective of a Value

question 42

Multiple Choice

Which of the following statements in the perspective of a value chain is TRUE?

• A) Pre- and postproduction services complete the ownership cycle for a good or service.
• B) Offshoring is the process of having suppliers provide goods and services that were previously provided internally.
• C) Value chain integration includes improving external processes for the client, and not the internal processes.
• D) A value chain is a narrower concept than a supply chain that focuses more on the physical movement of goods, not services.

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Definitions:

Operating Departments

Divisions or sections within a company that are directly involved in its core business operations, contributing to the production of goods or services.

Personnel Costs

Expenses related to employees, including wages, salaries, benefits, payroll taxes, and training costs, which are a major part of operating expenses for many businesses.

Information Technology

The study and use of systems for storing, retrieving, and sending information, often involving computers and telecommunications.

Cost Reconciliation Report

A document summarizing the differences between standard costs and actual costs of production.