Which of the Following Statements About Supply Chains Is True

question 25

Multiple Choice

Which of the following statements about supply chains is true?

• A)Supply chains consist only of customers,retailers,distributors,manufacturers,and suppliers.
• B)Each element in the supply chain can be connected to only one entity up and down.
• C)The only source of revenue in a supply chain is the retailer.
• D)Not every supply chain has distributors and retailers.

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Definitions:

Short-Term Debt

Debts or loans that are due for repayment within one year.

Blanket Inventory Lien

A security interest granted by a borrower to a lender, covering all of the borrower's inventory.

Revolving Line of Credit

A credit facility extended by a financial institution to a client that allows the borrower to draw, repay, and redraw loans advanced to them up to a specified maximum amount.

Annual Sales

Annual sales is the total amount of sales or revenue a company generates in a fiscal year.