A Bond That Guarantees That the Person Responsible for the Property

question 36

Multiple Choice

A bond that guarantees that the person responsible for the property of another will faithfully exercise his or her duties is called a

• A)fiduciary bond.
• B)performance bond.
• C)court bond.
• D)contract bond.

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Definitions:

Customer Service Level

A measure of the performance of a company's services, in terms of how well it meets customer expectations and demands.

Supply Chain's Responsiveness

The ability of a supply chain to quickly adapt to changes in demand, supply, or environmental conditions.

Optimal Quantity

The most efficient amount of stock or product to order or hold to minimize costs and meet demand.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values.