Which One of the Following Is True for Supply Chain

question 13

Multiple Choice

Which one of the following is true for supply chain management?

• A) Supply chain is about suppliers and does not include distributors or customers.
• B) Supply chain applies only to manufacturing because it deals with flow of materials.
• C) Supply chain applies to both manufacturing and service organizations.
• D) Supply chain includes any operation that deals with materials.

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Definitions:

Book Value

The net value of an asset or company based on its balance sheet accounts, calculated as assets minus liabilities.

Accumulated Depletion

The total amount charged against the natural resources (like timber, minerals, and oil) a company has extracted, reflecting the decrease in value of those resources.

Balance Sheet

A financial statement that displays the assets, liabilities, and owner's equity of an entity at a specific point in time, outlining its financial position.

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects, such as products or departments.