In the ________ Component of SCM, Organizations Choose Suppliers to Deliver

question 19

Multiple Choice

In the ________ component of SCM, organizations choose suppliers to deliver the goods and services they need to create their product or service.

• A) deliver
• B) make
• C) plan
• D) return
• E) source

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Definitions:

Price Variance

The difference between the actual price paid for something and its standard or expected cost.

Quantity Variance

The difference between expected and actual quantities used in production, affecting cost and efficiency.

Fixed Factory Overhead Volume Variance

The difference between the budgeted and actual fixed overhead incurred due to variance in production volume.

Standard Fixed Overhead Cost

The predetermined amount of fixed costs that are expected to be incurred to support operations, typically fixed for a specific period.