Explain why supply chain flows are important
What will be an ideal response?
Answer: Supply chain flows are important, because there is a close connection between the design and management of supply chain flows (product, information, and cash) and the success of a supply chain. The success of many companies can be directly traced to the design and management of an appropriate supply chain. The failure of many businesses can be linked directly to their inability to effectively design and manage supply chain flows.
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A net loss results in a decrease in
a. expenses. b. liabilities. c. stockholders' equity. d. assets.
Strategic advantage occurs when an organization analyzes the ______ better and reacts to it quicker than its competitors do while using all of its internal resources efficiently, thus creating the sustainable competitive advantage.
A. environment B. employees C. management D. vision
Which of the following terms is described as processed data or data presented in a meaningful context?
A. questionnaires B. illustrations C. information D. scenarios E. forms
If the number of units produced in a period is larger than the number of units sold in a period, absorption costing income will be higher than variable costing income
Indicate whether the statement is true or false