5th POB revision

A business' supply chain includes __________________

• all companies involved in the upstream flow

• all companies involved in the downstream flow

• all processes from raw materials to consumption

• All of the Above

The first stage of the supply chain management flow is called _________

• Manufacture

• Raw Materials

• Season 1

• Suppliers

The second stage of the supply chain management flow is called _________

• Manufacture

• Raw Materials

• Season 1

• Suppliers

The final stage of the supply chain management flow is called _________

• Consumer

• Customer

• Destruction

• Recycling

Ensuring customer satisfaction with a product or service is which functional area of supply chain?

• Customer Service

• Manufacturing

• Inventory

• Warehousing

Which component of the supply chain sells the final good to the consumer?

• Supplier

• Manfacturer

• Distributor

• Retailer

Money paid to you by a financial institution when you deposit funds there.

• Allowance
• Income
• Interest
• Tips

Act of purchasing assets (stocks, bonds, property) with expectation that they will increase in value over time.

• Withdrawing
• Depositing
• Time Value of Money
• Investing

A plan in which an employer guarantees a certain sum of money to the employee based on the number of years of service upon retirement.

• 401K
• Defined Contribution Plan
• Pension
• IRA

A portion of your income that you do not spend on your current needs, but instead set aside for future needs.

• Collateral
• Discretionary Income
• Savings
• Net Worth