Supply Chain Management Involves Managing

question 8

Multiple Choice

Supply chain management involves managing:

• A) the flow of internal information only.
• B) the flow of materials and information from suppliers and buyers to the final customer.
• C) the flow of raw materials to inventory only.
• D) managing the stock room supply only.

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Definitions:

Biopiracy

The practice of commercially exploiting natural resources or indigenous knowledge of a culture or country without fair compensation to its people or origins.

Environmental Devastation

Severe and often irreversible damage to the natural environment as a result of human activity or natural disasters, leading to loss of ecosystems and biodiversity.

Biocolonialism

The control or patenting of biological resources and indigenous knowledge by foreign entities or corporations, leading to exploitation and genetic theft from indigenous and local communities.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, emphasizing environmental, economic, and social sustainability.