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A game consists of removing a card from a deck of 52 cards. If the card is a face card, you win $2 and the game is over. If it is not a face card, remove another card. If that one is a face card, you win $2. Repeat the process again, and then again (for a total of 4 times). If you have not removed any face card, then you lose the game, and must pay $2. Should you play this game?
Answer yes or no.
Sustainable Procurement
The acquisition of goods and services in a way that achieves value for money on a whole life basis in terms of generating benefits not only to the organization but also to society and the economy, while minimizing damage to the environment.
Buying Process
The sequence of steps a consumer or organization follows from recognizing a need, through purchase, to post-purchase evaluation.
Environmental Considerations
Assessment of the environmental impacts associated with products or activities and the implementation of measures to reduce negative effects.
Supply Partnership
A long-term relationship between a buyer and a supplier characterized by mutual cooperation, shared risks, and investments to achieve joint value creation.
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