_____ Allows a Buying Organization to React More Quickly When

question 3

Multiple Choice

_____ allows a buying organization to react more quickly when supply chain risk events occur by already having previously prepared plans and proposed responses in place in advance of the actual risk event.

• A) Hedging
• B) Use of third party intermediaries
• C) Multiple sourcing
• D) Scenario analysis
• E) None of the above.

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Definitions:

Money Supply

The sum of physical currency, demand deposits, savings, and other liquid assets in a country's economy.

Fed

Known as the Federal Reserve System, the central bank of the United States oversees the nation's monetary policy.

Depository Institution

A financial institution legally allowed to accept monetary deposits from consumers, such as banks and credit unions.

Required Reserve Ratio

The fraction of deposits that banks are required to hold in reserve, either in their vaults or at the central bank, to ensure that they can meet withdrawal demands.