How Can a Company Best Protect Itself Against an Interruption

question 31

Multiple Choice

How can a company best protect itself against an interruption in the supply of parts?

• A)Select suppliers through a competitive bidding process.
• B)Use suppliers from the city where the company is located.
• C)Maintain more than one supply source.
• D)Transport the parts in its own transportation vehicles.

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Definitions:

Manager's Subjective Opinion

The personal and individual judgments or beliefs of a manager, which may influence decision-making processes within a business context.

Two-Way Communication

A method of exchange where information flows in both directions, from sender to receiver and back, allowing for feedback and interaction.

Maximizing Employee

Strategies aimed at enhancing the productivity and satisfaction of workers to achieve the highest possible outcomes for the organization.

Human Resource Management

The strategic approach to the effective management of people in a company or organization to help their business gain a competitive advantage.