_____ 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:

Bulldozer

A heavy piece of equipment used in construction to move or remove large amounts of earth or debris, featuring a large flat blade.

Savings Bond

A government bond that offers a fixed interest rate over a fixed period of time, often considered a safe investment.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.).

World War II

A worldwide war that spanned from 1939 to 1945, engaging the majority of the planet's countries, with all the major powers eventually splitting into two conflicting military coalitions: the Allies and the Axis.