Which of the Following Is Not a Problem Along the Supply

question 20

Multiple Choice

Which of the following is not a problem along the supply chain?

• A) poor customer service
• B) high inventory costs
• C) loss of revenues
• D) decreased cycle times
• E) extra cost of expediting shipments

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Definitions:

Loss Contingency

A potential financial loss that might occur in the future, dependent on the outcome of a specific event, recorded in accounting if it is probable and the amount can be reasonably estimated.

U.S. GAAP

United States Generally Accepted Accounting Principles, the collection of rules and procedures designed to ensure consistency and transparency in financial reporting.

Estimated Cost

A projection or approximation of the future cost associated with a product, service, project, or investment, often used for budgeting purposes.

Provision

A provision is an amount set aside in the financial statements to cover a future liability or loss.