What are some of the processes supported by SCM?
What will be an ideal response?
The main SCM processes include procurement, which is the purchase and sale of supplies and services between businesses. Outsourcing processes are also supported by SCM where one company provides goods or services for another company that may have been provided in-house. Examples of some of these outsourced services include transport, warehousing, and inventory control. SCM should also support the process of order fulfillment. This involves taking the order, picking the order, packaging the order and finally, the physical distribution of the order to the customer. Another crucial process in SCM is the forecasting process. Forecasting is involved in predicting the weekly or monthly product activity for a specific period of time. SCM can provide more accurate and timely data to the forecasting process which will in turn, generate a better forecast.
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When a stock dividend is declared, which of the following accounts is credited?
a. Common Sock b. Dividend Payable c. Stock Dividends Distributable d. Retained Earnings
Flexible budgets reflect a company's anticipated costs based on variations in activity levels.
Answer the following statement true (T) or false (F)
Which of the following is an example of an external communication plan?
a. a company-wide e-mail explaining how to file a grievance with a superior b. an employee drafting a new communication chart for the department c. a department's new outline on drafting press releases d. a memo detailing the company's policy on Internet use
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A. Actionability B. Competition C. Identifiability D. Reachability E. Substantiality