Among all supply chain functions, ________ is the most susceptible to breakdown
A) production
B) logistics
C) supplier selection
D) relationship management
Answer: D
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Christopher Messenger rents storage space to college students who go home for the summer but do not want to haul all of their property home and back
The business is profitable during the summer months, but when the storage space is unoccupied in the off-season, Christopher is losing money. What characteristic of service is most likely the source of Christopher's problem? A) intangibility B) perishability C) personalization D) variability E) inseparability
Which sector of the economy is expected to see the greatest increase in jobs?
a. Service b. Agriculture c. Manufacturing d. Mining e. Precision production
A debit may signify a(n)
A) decrease in asset accounts B) decrease in liability accounts C) increase in the capital account D) decrease in the drawing account
Which of the following statements is CORRECT?
A. Under normal conditions, a firm's expected ROE would probably be higher if it financed with short-term rather than with long-term debt, but using short-term debt would probably increase the firm's risk. B. Conservative firms generally use no short-term debt and thus have zero current liabilities. C. A short-term loan can usually be obtained more quickly than a long-term loan, but the cost of short-term debt is normally higher than that of long-term debt. D. If a firm that can borrow from its bank at a 6% interest rate buys materials on terms of 2/10, net 30, and if it must pay by Day 30 or else be cut off, then we would expect to see zero accounts payable on its balance sheet. E. If one of your firm's customers is "stretching" its accounts payable, this may be a nuisance but it will not have an adverse financial impact on your firm if the customer periodically pays off its entire balance.