The Elimination of the Middle Layer in a Supply Chain

question 34

Multiple Choice

The elimination of the middle layer in a supply chain is called

• A)intermediation.
• B)price elasticity.
• C)normalization.
• D)disintermediation.
• E)reintermediation.

Comprehend the definitions and scope of coverage in homeowner's and vehicle insurance policies.

Identify different types of insurance and their purposes.

Grasp the legal implications of material misrepresentation in insurance applications.

Understand the insurer's and the insured's duties under an insurance contract.

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Definitions:

Histogram

A graphical representation of the distribution of numerical data, using bars of different heights.

Representative

Term used to describe a subset or a sample that accurately reflects the larger population or dataset from which it is drawn.

Mean

The mean is the average of a set of numbers, calculated by dividing the sum of these numbers by the count of the numbers.

Observations

Data points or individual pieces of data collected through experimentation, measurement, or survey.