It Is Essential to Adopt Procedures to Manage _____ in the Supply

question 24

Multiple Choice

It is essential to adopt procedures to manage _____ in the supply chain.

• A)procurement
• B)distribution
• C)risks
• D)inventory
• E)suppliers

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Definitions:

Government Bailouts

Financial support provided by a government to a failing business or sector to prevent its collapse and mitigate broader economic fallout.

Business Risk

Business risk involves the potential for financial loss in a company's operations, stemming from factors like market fluctuations, regulatory changes, or operational failures.

Insurance Policy

An insurance policy is a legal contract between an insurer and the insured, outlining the terms under which the insurer agrees to compensate the insured for specific losses in exchange for a premium.

Transfer Risk

The uncertainty associated with cross-border financial transactions, particularly the risk that a foreign debtor will default on its obligations due to external factors like currency restrictions.