Which of the following steps for supplier development occurs when there is an agreement about how the supplier needs to improve and where?

Which of the following statements is true of the supply chain?

A) All members of the supply chain of a firm must have geographical proximity. B) Every supply chain must include suppliers, manufacturers, distributors, retailers, and customers. C) Each organization in the chain is connected to just one company up the chain (toward the supplier) and down the chain (toward the customer). D) The supply chain includes transportation companies, warehouses, and inventories.

Refer to the income statement above. Luther's earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year ending December 31, 2005 is closest to ________

Luther Corporation Consolidated Income Statement Year ended December 31 (in $millions) 2006 2005 Total sales 610.1 553.6 Cost of sales -500.2 -357.1 Gross profit 109.9 196.5 Selling, general, and administrative expenses -40.5 -38.8 Research and development -24.6 -21.8 Depreciation and amortization -3.6 -3.4 Operating income 41.2 132.5 Other income -- -- Earnings before interest and taxes (EBIT) 41.2 132.5 Interest income (expense) -25.1 -15.9 Pretax income 16.1 116.6 Taxes -5.5 -40.81 Net income 10.6 75.79 Price per share $16 $15 Sharing outstanding (millions) 10.2 8.0 Stock options outstanding (millions) 0.3 0.2 Stockholders' Equity 126.6 63.6 Total Liabilities and Stockholders' Equity 533.1 386.7 A) $271.8 million B) $108.7 million C) $163.1 million D) $135.9 million