Supply chain management is a subset of logisticsthat focuses more on tactics than on strategy.
Answer the following statement true (T) or false (F)
False
Logistics is a subset of supply chain management that focuses more on tactics (the actual movement of products) than on strategy. See 13-4: Physical Distribution: Planes, Trains, and Much, Much More
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An important idea behind the 'profit pool' concept is that there is always a strong relationship between the generation of revenues and the capturing of profits.
Answer the following statement true (T) or false (F)
Andrews Corporation purchased 3,00 . gallons of raw materials for $9,200 . The standard price is $3.00 per gallon. If Andrews records the price variance at the earliest possible time, the entry to record the purchase of the material is:
a. Materials 9,200 Material purchase price variance 200 . Accounts payable 9,000 b. Materials 9,000 Accounts payable 9,000 c. Materials 9,000 Material purchase price variance 200 Accounts payable 9,200 d. Materials 9,200 Accounts payable 9,200
Which of the following is not a requirement of the Sarbanes-Oxley Act?
A) Internal audit outsourcing can no longer be provided by a publicly-traded corporation's external auditors. B) All publicly traded corporations must have an internal audit function. C) All publicly traded corporations must provide internal controls over financial reporting that guarantees financial accuracy. D) The audit committee of a publicly traded corporation must report to the company's board of directors.
The act of negotiating contract terms between an employer and the members of a union is known as mediation
Indicate whether the statement is true or false