The Logistics/supply Chain Network Transformation Team

question 11

Multiple Choice

The logistics/supply chain network transformation team

• A) must be aware of the firm's overall business and corporate strategies and the supply chain in which it participates.
• B) will not consider the potential involvement of third-party logistics suppliers as part of their responsibilities.
• C) includes workers from divisional levels only.
• D) should not include outside consultants.

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Definitions:

Recession

A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.

TARP Bailout

The Troubled Asset Relief Program, a U.S. government program created in 2008 to purchase toxic assets and inject capital into banks to stabilize the financial system.

Deposit Multiplier

The ratio of the amount of deposits created by banks to the amount of new reserves.

Reserve Ratio

The fraction of depositors' balances banks must have on hand as cash, a regulatory requirement designed to ensure banks' liquidity and stability.