What is a supply chain system?
What will be an ideal response?
Virtually every product that reaches an end user, whether or not it's completely manufactured in-house, is derived from an accumulation of efforts from multiple organizations around the globe. Companies acquire raw materials from global vendors to be used in their factories located in different continents. The finished goods then pass through different distribution networks involving exports to different countries or local markets, warehouses, distributors, retailers, before finally reaching the end customer. The information and communication systems needed to coordinate these activities are also a significant part of the supply chain system. The proliferation of new telecommunications and computer technology has made instantaneous communications a reality. Such information systems can link together suppliers, manufacturers, distributors, retail outlets, and ultimately customers, regardless of location.
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News media and web searches can provide useful information related to client management's integrity and the risk of material misstatement in the financial statements
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT an alternative for the treatment of unsatisfactory responses?
A) return the questionnaire to the field to get better data B) assign missing values C) discard unsatisfactory respondents D) delete the question from the survey E) C and D
It is normal for a company's strategy to end up being
A. a blend of proactive actions to improve the company's competitiveness and financial performance, and adaptive reactions to unanticipated developments and fresh market conditions. B. a blend of offensive actions on the part of managers to improve the company's profitability and defensive moves to counteract changing market conditions. C. a close imitation of the strategy employed by the recognized industry leader. D. a combination of conservative moves to protect the company's market share and somewhat more risky initiatives to set the company's product offering apart from rivals. E. more a product of clever entrepreneurship than of efforts to clearly set a company's product/service offering apart from the offerings of rivals.
Qwerty, Inc. prepaid $7,200 on November 1, 2014 for a one-year insurance premium. On January 1, 2015 of the next year (after December 31 adjustments), the Prepaid Insurance account will have a debit balance of ________
A) $6,600 B) $7,800 C) $7,200 D) $6,000