What does the term supply chain visibility refer to and what benefits does it bring?
What will be an ideal response?
The term supply chain visibility refers to the ability of a firm to monitor the output of its first and second tier suppliers, track and manage supplier orders, and manage transportation and logistics suppliers who are moving the products. When a supply chain is visible, you know when suppliers' products will arrive, and you have accurate tracking of your goods. The benefit of a visible supply chain is that the firm can produce accurate production schedules and develop more accurate financial forecasts.
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Which of the following accounts usually has a debit balance?
A) Purchase Discounts B) Sales tax Payable C) Allowance for Doubtful Accounts D) Freight-In
Kurt writes a check on his account at Liquidity Bank to Mandy, a fa¬mous singer. The person claiming to be Mandy is an imposter, however, named Nila. Nila indorses the check to Outsize Portions, a casino, restaurant, and nightclub, for which Liquidity Bank cashes it. Ultimately, the loss will most likely fall on
a. Kurt. b. Liquidity Bank. c. Mandy. d. Outsize Portions.
Arbitration:
a. is commonly used in commercial and labor management disputes. b. includes motions for a new trial and a motion for judgment notwithstanding the verdict. c. is a formal decision by the jury on questions submitted to it. d. determines whether the trial court committed prejudicial error.
By using a forward transaction, ________ has been transferred from the firm to a speculator in the exchange rate market
A) exchange rate risk B) political risk C) foreign risk D) market risk