The General Description for the Processes and Skills Used in the Management

question 4

Multiple Choice

The general description for the processes and skills used in the management of a firm's interactions with people,organizations,and institutions outside of its boundary is called _____.

• A) external relations
• B) organizational structure
• C) horizontal integration
• D) social audit

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Definitions:

Supply Chain Network Design

The strategic planning and setup of a network of interconnected businesses involved in the provision of product and service packages required by end customers.

Financial Analysis

The process of evaluating businesses, projects, budgets, and other finance-related entities to determine their performance and suitability.

Sensitivity Analysis

A technique used to determine how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

Estimates of Inputs

Projections or calculations regarding the amount or type of resources (like raw materials, labor, and capital) required to achieve a certain production output.