BP's Approach to Safety Prior to the Deepwater Horizon Spill

question 97

Multiple Choice

BP's approach to safety prior to the Deepwater Horizon spill was:

• A) Spending less on safety.
• B) Spending whatever was needed to comply with regulations.
• C) Spending when there is an injury.
• D) None of the above

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Definitions:

Vertical Integration

A strategy where a company expands its business operations into different steps on the same production path, such as a manufacturer owning its supplier and/or distributor.

Upstream Suppliers

Companies or entities that provide raw materials, components, or services to another company for the production of goods.

Business Strategy

A plan of action designed to achieve a specific set of objectives that ensures the growth and success of an organization.

Extranets

Private networks that use Internet technology and the public telecommunication system to securely share part of a business's information or operations with suppliers, vendors, partners, customers, or other businesses.