Which of the Following Characteristics Are Reflective of a Resilient

question 238

Multiple Choice

Which of the following characteristics are reflective of a resilient supply chain?

• A) Proactive in anticipating events and fast recovery from undesirable events
• B) Reactive in anticipating events and fast recovery from undesirable events
• C) Proactive in anticipating events and slow recovery from undesirable events
• D) Reactive in anticipating events and slow recovery from undesirable events

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Definitions:

Trade Credit

A type of commercial financing where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Net Period

The time period within which a net payment is due after any discounts are applied.

Compensating Balance

A minimum balance that must be maintained in a bank account, usually as a condition for obtaining a loan or line of credit.

Routine Transactions

Transactions that occur regularly in the course of business operations, often related to daily financial activities.