Using Suppliers from Geographically Diverse Locations Is What Type of Approach

question 32

Multiple Choice

Using suppliers from geographically diverse locations is what type of approach to risk management?

• A) Increasing safety stocks/forward buying
• B) Identifying backup suppliers and logistics services
• C) Diversifying the supply base
• D) Utilizing a supply chain IT system

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Credit for Child

A tax credit offered to taxpayers for each qualifying child, which can reduce the taxpayer's liability on a dollar-for-dollar basis.

Dependent Care Expenses

Costs associated with caring for a child or dependent while the primary caretaker is working or looking for work.

Employment-Related Expenses

Costs incurred by employees during the course of their job that are necessary and not reimbursed by the employer, possibly deductible under certain conditions.