Outsourcing or Using Third Party Logistics Services Has

question 20

Multiple Choice

Outsourcing or using third party logistics services has:

• A) remained flat due to increased challenges of international logistics.
• B) become increasingly popular with small organizations, but not large ones.
• C) declined in popularity due to declining service provider performance.
• D) declined as transportation has been re-regulated.
• E) increased as organizations focus on core competencies.

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Definitions:

Negotiable Instrument

A written and signed promise or order to pay a specific sum of money that can be transferred by endorsement or delivery.

Typewritten Terms

Refers to the conditions or clauses in a document that have been added or created using a typewriter, distinguishing them from printed or handwritten terms.

Handwritten Terms

Handwritten Terms are terms or conditions written by hand in a document, which can be legally binding if incorporated into a written agreement and understood by all parties.

Bearer Paper

A type of negotiable instrument that is not registered to a specific owner, allowing the holder or bearer of the document to claim the value of the instrument.