Which of the Following Includes Managing the Movement of Raw

question 70

Multiple Choice

Which of the following includes managing the movement of raw materials and parts from their sources to production sites;managing the movement of materials,semi-finished,and finished products within and among plants,warehouses,and distribution centres;as well as the planning and coordinating of the physical distribution of finished goods to intermediaries and final buyers?

• A) intermodal transportation
• B) contract logistics
• C) logistics
• D) materials handling

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Definitions:

Principal

A person or entity who authorizes another (the agent) to act on their behalf, often in a legal or business context.

Liable

Being legally responsible for something, typically a debt or a legal obligation.

Constructive Notice

Notice of agency termination that is usually given by publishing an announcement in a newspaper.

Agency Relationship

An agency relationship exists when one party, the agent, is authorized to act on behalf of another, the principal, in business transactions with third parties.