What Is the Importance of the Idea That "Hazards Are

question 1

Multiple Choice

What is the importance of the idea that "hazards are repetitive"?

• A) We need to look to past events to understand what is probable for the future.
• B) If something has already happened, like a volcanic eruption, then we won't need to worry about it.
• C) New events will probably happen exactly like old ones, so we need to be prepared.
• D) Hazards keep happening constantly in an area, so people already know how to react to them.
• E) All of the above statements support the idea that "hazards are repetitive."

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Definitions:

Demand Uncertainty

This refers to the unpredictability of customer demand for products and services, affecting inventory, production, and distribution planning in supply chains.

Supplier's Demand

The quantity of materials or products required by a supplier from upstream suppliers to meet customer orders or production schedules.

Outsourcing

Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Supply Chain Function

A specific activity or set of activities within a supply chain, such as procurement, production, distribution, or logistics, that adds value to products or services.