In the Sourcing/purchasing Design Matrix, There Are Three Variables: Contract

question 71

Multiple Choice

In the sourcing/purchasing design matrix, there are three variables: contract duration, transaction costs, and specificity. Assume levels as short, medium and long for contract duration and for the rest, low, medium, and high. Vendor managed inventory belongs to

• A) long contract duration, high transaction costs and low specificity.
• B) short contract duration, high transaction costs and low specificity.
• C) long contract duration, low transaction costs and low specificity.
• D) long contract duration, high transaction costs and high specificity.
• E) long contract duration, low transaction costs and high specificity.

Recognize an individual's freedom in bequeathing their property.

Identify the reasons for creating a trust and its advantages over wills.

Distinguish between different types of life insurance policies and their benefits.

Understand the concept of convergent and divergent evolution and identify examples of each.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Immune Response

The bodily system's defense mechanism against pathogens, including the processes of identifying and eliminating harmful agents.

Classical Conditioning

A training process involving the pairing of a naturally occurring stimulus with an environmental stimulus.

Brain-Wave Response

The fluctuations in voltage seen in an electroencephalogram (EEG) that reflect the different stages of brain activity, often used to study sleep, consciousness, and neurological conditions.