With Respect to Supply Chains and Their Management, It Is

question 141

Multiple Choice

With respect to supply chains and their management, it is correct to say that

• A) supply chains are very important in the movement of physical goods, but not for the provision of services.
• B) there are increasing concerns about using suppliers from developing countries.
• C) re-engineering can generally not be used as a strategy to improve supply chains.
• D) the globalization of business has reduced the risk of supply chain disruptions.
• E) many global companies have centralized their supply chain management over the past five years.

---

Definitions:

Journal

A chronological record of all financial transactions, used to transfer information to a company's ledger.

Ledger

A book or collection of financial accounts of a particular type, often referred to as the final book of entry where transactions are summarized.

Trial Balance

A trial balance is a bookkeeping report that lists the balances in each of an organization's general ledger accounts to check the mathematical accuracy of the accounting entries.

Prepaid Insurance

An asset account representing insurance premiums paid in advance, which are expensed as the insurance coverage pertains to future accounting periods.