__________ Liability Is the Imposition of Liability on One Party

question 66

Multiple Choice

__________ liability is the imposition of liability on one party for the wrongs of another.

• A) Vicarious
• B) Validity
• C) Relator
• D) Absolute

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Definitions:

Fill Rate

The percentage of customer demand that is met without backorders or stockouts, reflecting a company's ability to satisfy orders with available inventory.

Customer Fill Rate

A measure of the ability of a supply chain to deliver the requested product in the quantity and time agreed upon by the customer.

Safety Inventory

Additional stock that is kept in inventory to protect against uncertainties in demand or supply.

Replenishment Cycles

The process and timing involved in restocking goods or inventory to maintain adequate supply levels.