Strategic Risks Are Short-Term Risks That Occur When an Organization

question 45

True/False

Strategic risks are short-term risks that occur when an organization relies on a supplier for capacity, but not necessarily knowledge.

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Definitions:

Common Input

A shared resource or factor that is used in the production or creation of multiple goods or services.

Intermediate Products

Items that are in a stage of production but not yet finished goods.

Processed Further

A decision-making process regarding whether additional processing should be applied to a product to improve its value or sell as is.

Mixing Machine Time

The duration or amount of time utilized by a mixing machine to combine ingredients or materials in the manufacturing process.