All of the Following Are Common Contingency Management Tools That

question 55

Multiple Choice

All of the following are common contingency management tools that can be effectively used at the tactical level to assist the supply manager in identifying, analyzing, reducing, and monitoring supply base risk except _____.

• A)single sourcing
• B)inventory
• C)automated visibility and early warning systems
• D)use of third party intermediaries
• E)scenario analysis

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Definitions:

Breach of Contract

The inability to fulfill any condition of an agreement, whether documented or verbal, without a valid legal reason.

Mitigate Damages

A legal principle requiring a party suffering loss to take reasonable action to minimize the extent of the damage or loss.

Nonbreaching Party

The party in a contract who has not violated the agreement and is often entitled to legal remedies.

Reliance Damages

Compensation granted for loss suffered as a result of relying on a promise or agreement that was later breached.