Which of the Following Is True About Reverse Logistics

question 21

Multiple Choice

Which of the following is true about reverse logistics?

• A) Reverse logistics management is highly specialized.
• B) Retrieval of items in reverse logistics is restricted to short-term consumer goods.
• C) Reverse logistics refers to the shifting of traditional corporate activities to parties outside of the country.
• D) Traditionally, businesses have focused on reverse logistics.

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Definitions:

Preexisting Duty

An obligation or duty that already exists under a contract, and performing it, therefore, does not constitute consideration for a new promise.

Law

Rules devised and applied by institutions of society or the government to modulate behavior.

Legally Sufficient Value

An acceptable form or measure of value that must be provided in a contract to make it binding and enforceable under law.

Consideration

Something of value (such as money, goods, services, or promised actions) that is exchanged between parties in a contractual agreement.