Which of the Following Refers to a Network of Organisations

question 3

Multiple Choice

Which of the following refers to a network of organisations and facilities that transforms raw materials into products delivered to customers?

• A)strategic business unit
• B)collaboration system
• C)distribution channel
• D)supply chain

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Definitions:

Long-Range Budget

A financial plan that extends beyond the typical fiscal year, often spanning three to five years, to support strategic planning.

Participative Budgeting

A budgeting process where both management and employees participate in setting budgets, improving accuracy and commitment.

Budgeting Slack

The practice of underestimating revenue or overestimating expenses while preparing a budget to create a cushion or slack for unexpected situations.

Budgetary Slack

The practice of underestimating revenues or overestimating expenses when preparing a budget to create a buffer for unexpected scenarios.