What is a supply chain? What are the four drivers that are crucial to the success of a supplychain?
What will be an ideal response?
A supply chain is a network of organizations and facilities that transform raw materials
into products delivered to customers. In a typical supply chain, customers order from retailers,
who, in turn, order from distributors, who, in turn, order from manufacturers, who, in turn, order
from suppliers. The supply chain also includes transportation companies, warehouses, and
inventories, and some means for transmitting messages and information among the organizations
involved. Four major factors, or drivers, affect supply chain performance: facilities, inventory,
transportation, and information.
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Managerial accounting is used in manufacturing and merchandising companies, but not in service companies
Indicate whether the statement is true or false
An agency for a stated period of time would be terminated before the expiration date by all these EXCEPT
A. termination by the principal without cause. B. termination by the agent. C. refusal of the principal to accept an offer. D. destruction of the subject matter of the agency.