Identify the statement that best defines the supply chain. ANSWER Unselected It is the sequence of business functions by which a product is made progressively more useful to customers. Unselected It refers to the flow of goods, services, and information from the initial sources of materials and services to the delivery of products to consumers. Unselected It is a chain that integrates people and technology in all business functions to deepen relationships with customers, partners, and distributors. Unselected It is a chain that includes accounting and finance, human resource management, and information technology and supports the six primary business functions.

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.