Which of the Following Is an Example of an External

question 55

Multiple Choice

Which of the following is an example of an external exchange?

• A)The purchase of inventory on credit from a supplier.
• B)Cash received from a credit customer.
• C)Cash dividend paid to shareholders.
• D)A,B and C are external exchanges.

Understand the role of revenue management in maximizing supply chain profits.

Evaluate the trade-offs between selling in bulk or on the spot market.

Grasp the concept of shifting demand from peak to off-peak periods to optimize utilization.

Apply forecasting as the foundation of effective revenue management systems.

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Definitions:

Three-way Handshake

A method used in a TCP/IP network to establish a connection between a client and a server that involves three steps: the initiation of the connection by the client, the acknowledgment by the server, and the acknowledgment of the acknowledgment by the client.

POP

Post Office Protocol, a standard protocol used by local email clients to retrieve emails from a remote server over an IP network.

Post Office Protocol

An internet standard protocol used by local email clients to retrieve emails from a remote server over a TCP/IP connection.

Facebook Connect

A set of application programming interfaces (APIs) provided by Facebook that enable third-party websites to integrate with Facebook for authentication and social sharing features.