_____ Are the Physical Products, Raw Materials, and Supplies That

question 33

Multiple Choice

_____ are the physical products, raw materials, and supplies that flow along a supply chain.

• A) Reverse flows
• B) Reverse logistics
• C) Material flows
• D) Information flows
• E) Financial flows

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Definitions:

High-Low Method

A way to estimate the fixed and variable components of a cost by analyzing the highest and lowest activity levels and their associated costs.

Fixed Cost

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and loan payments.

Machine Hours

A measure of the amount of time a machine is operated, used in cost accounting to allocate costs to products.

High-Low Method

An approach to estimate fixed and variable costs from the highest and lowest activity levels.