Dell Computer's Allows Its Customers to Customize the Type of Computer

question 140

Multiple Choice

Dell computer's allows its customers to customize the type of computer based on individual needs as opposed to premanufactured computers available in retail stores. An efficient supply chain may use all of the following characteristics except:

• A)inexpensive mode of transportation
• B)economies of scale in its production process
• C)many storage facilities as possible
• D)slower mode of transportation

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Definitions:

Insurable Interest

A stake in the value of an entity or event for which an insurance policy may be obtained to cover losses.

Insurance Contract

A legally binding agreement between an insurer and an insured, where the insurer promises to pay benefits for specific potential future losses in exchange for premiums paid by the insured.

Risk Assessment

The identification, evaluation, and prioritization of risks followed by coordinated efforts to minimize or control their impact.

Indemnity

A contractual obligation of one party to compensate the loss incurred by another party due to the acts of the indemnitor or another party.