A Large Proportion of the World's Key Industrial Resources (Basic

question 167

Multiple Choice

A large proportion of the world's key industrial resources (basic raw materials) are concentrated in Russia,the United States,Canada,South Africa,and ________.

• A) Japan
• B) China
• C) Australia
• D) France
• E) Brazil

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Definitions:

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Bullwhip Effect

A phenomenon in supply chains where small fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.

Order Size

The quantity of goods a company purchases or produces in a single order to meet its demand while minimizing costs.

Disaster Risk

The likelihood of loss of life, injury, or destruction and damage from a disaster in a given period.