Which One of the Following Statements About Sustainable Supply Chains

question 52

Multiple Choice

Which one of the following statements about sustainable supply chains is FALSE?

• A) Cannibalization of parts for use and repair of other equipment is part of a reverse logistics supply chain.
• B) Reverse logistics includes using raw materials and parts to assemble new finished goods.
• C) A green sustainable supply chain process develops outputs that can be reclaimed and reused at the end of their life-cycle.
• D) For products that are of high enough value, it is normally more cost-effective to remanufacture or refurbish the product.

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Definitions:

Periodic Inventory System

A periodic inventory system is an accounting method where inventory and cost of goods sold are calculated at set intervals, such as monthly or annually.

FIFO

A method of inventory valuation where the first items purchased are the first ones to be sold.

LIFO

A method of inventory valuation where the last items added to inventory are the first ones to be used or sold, standing for Last In, First Out.