Lucy, a Supply Chain Manager for an Electronics Manufacturer, Created

question 7

Multiple Choice

Lucy, a supply chain manager for an electronics manufacturer, created a policy that required all supplier bids to include information regarding the diversity polices and profiles of the supplier. This is an example of

• A)managing diversity.
• B)quid pro quo.
• C)affirmative action.
• D)overt discrimination.
• E)stereotyping.

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Definitions:

Price of a Resource

The amount of money required to obtain a specific resource, encompassing goods, services, or commodities.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a particular price point.

Producers

Entities or individuals that create goods or provide services for sale in the market.

Factor of Production

Refers to the resources used in the creation of goods and services, which typically include land, labor, capital, and entrepreneurship.