Although Nearly Any Organization Can Be Part of a Supply

question 6

Multiple Choice

Although nearly any organization can be part of a supply chain,supply chain management requires:

• A)the involvement of third-party logistics companies
• B)overt management efforts by the organizations in a supply chain
• C)the participation of world-class organizations
• D)at least one organization to be a multinational company

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Definitions:

Period of Time

A Period of Time is a specific duration measured in terms of days, weeks, months, or years, during which certain activities or events occur or are intended to occur.

Discount Factors

A multiplicative factor used to discount future cash flows back to their present value.

Present Value

The present-day assessment of a future sum of money or cash flow series, after considering a specified rate of return.

Cash Flows

The net amount of cash being transferred into and out of a business.