The Best Way of the Following Choices to Help the Organization

question 17

Multiple Choice

The best way of the following choices to help the organization understand supply chain risk is through:

• A) Supply Chain Mapping
• B) Insurance policies
• C) Examination of the security and business continuity plans of the shipping companies
• D) Force Majeure language in Purchase Orders

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Definitions:

Cultural Interdependence

The phenomenon where cultures influence and are influenced by other cultures, leading to a state where they become increasingly reliant on one another.

Technological Interdependence

A condition where technologies and systems rely on each other's functionality and operational success within an ecosystem or process.

Political Interdependence

A situation where countries or states depend on each other for political support, stability, or cooperation in achieving mutual interests.

Protectionism

An economic policy of restricting imports from other countries through methods such as tariffs and quotas to protect domestic industries.