The systematic flow of services, goods or information from the buying material for product delivery to the customers is known as __________?
Correct answer: A. supply chain
- A. supply chain
- B. value chain
- C. material flow chain
- D. manufacturing flow chain
Explanation
A supply chain covers the flow of materials, goods, services and information from suppliers through production and distribution to customers. A value chain is broader and focuses on activities that add value, not specifically the end-to-end supply flow.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
Practise Cost Accounting
941 free Cost Accounting MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Cost Accounting questions
An average inventory in units is multiplied with annual relevant carrying cost of each unit to calculate ____________?
The relevant incremental costs are added into the relevant opportunity cost of capital to calculate ___________?
The costing system, which omits some of the journal entries in accounting system is known as ____________?
The required rate of return, is multiplied per unit cost of purchased units to calculate __________?
The cost of product failure, error prevention and appraisals can be classified under ___________?
If the demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then the economic order quantity will be ___________?