Which of the Following Statements Is False

question 12

Multiple Choice

Which of the following statements is false?

• A)Top management commitment is essential if supply chain efforts are to have any chance of success.
• B)Some companies are uncomfortable with the concept of customer power in supply chains.
• C)Senior management commitment to supply chain management occurs in one of every two organizations.
• D)Some companies are hesitant to enter into long-term relationships because such relationships might be perceived as limiting a company's operational flexibility.

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Definitions:

Other Accounts

A general referential term for various accounts in the financial statements not explicitly categorized under main headings.

Special Journals

Special journals are accounting journals designed to record a specific type of transaction in a more efficient manner, such as sales or purchases.

General Journal

A primary accounting record used to record all types of transactions not specifically assigned to another journal.