1. Which of the following is INCORRECT regarding reverse logistics:
a) An example for a closed loop system would be Kodak's single use camera.
b) The estimation of the cost of reverse logistics is a major challenge
c) Closed loop supply chains are designed and managed to explicitly consider both forward and reverse flows activities in a supply chain
d) Globalization of business and more complex SCs have simplified reverse flows management.
2. Inventory i s an asset on the balance sheet and inventory carrying cost is a /an ____ on the income statement.
a) liability
b) statement
c) income
d) expense