Which of the Following Is TRUE of Supply Chains

question 38

Multiple Choice

Which of the following is TRUE of supply chains?

• A) Information is generated by RFID tags, GPS, etc.
• B) Information is processed in periodic batches.
• C) They rely on labor-based tracking and monitoring.
• D) Supply chain visibility is as accurate as it has always been.

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Definitions:

Revenues

Inflows of assets or settlements of liabilities from the company's primary operations, typically from sales of goods or services.

Debits

Accounting entries that increase assets or expenses or decrease liabilities, equity, and revenue.

Double-entry Accounting System

An accounting technique which records each transaction as both a credit and a debit in different accounts, ensuring the accounting equation remains balanced.

Journal

A record where all financial transactions are initially documented in chronological order.