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:

Payee

The party named in a note or draft to whom payment is to be made.

Stop Payment

A banking process through which an account holder can request the bank to stop the payment of a cheque or payment transaction that has been issued but not yet processed.

Drawer

In banking and finance, refers to the party that writes and signs a check or draft, instructing their bank to pay a specified sum to the named party.

Calendar Days

All days in a month or year, including working days, weekends, and public holidays, considered without exception.