The Increased Importance of Costing Our Activities in the Value

question 32

Multiple Choice

The increased importance of costing our activities in the value chain and determining the cost of different suppliers and customers has led to the emergence of

• A) OLAP.
• B) EDI and supply chain management.
• C) CAM.
• D) theory of constraints.

---

Definitions:

Tit-For-Tat Strategy

A strategy in game theory where a player responds to an opponent’s action with similar action, typically used in the context of cooperative and competitive interactions.

Cable TV Market

A sector of the media industry that provides television programs to consumers via coaxial or fiber-optic cables.

Trusts

Trusts are legal arrangements through which assets are held by a trustee for the benefit of others, used for estate planning, to manage assets, and sometimes to reduce tax liabilities.

Market Power

The ability of a company to manipulate price by controlling supply or dominating the market.