A Supply Chain ______

question 30

Multiple Choice

A supply chain ______.

• A)is also known as a customer chain as it provides value to the customer
• B)includes reverse logistics (process by which customers return products that are sent back to manufacturer)
• C)is an area that has always received a lot of attention from senior management
• D)includes other operational areas such as manufacturing

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Definitions:

Lender of Last Resort

An institution, usually a country's central bank, which offers loans to banks or financial institutions that are struggling to survive in order to prevent systemic failure.

Federal Reserve System

The central banking system of the United States, responsible for setting monetary policy, regulating banks, maintaining financial stability, and providing banking services.

Fractional Reserve System

The fractional reserve system is a banking system in which banks hold reserves that are less than the amount of their customers' deposits, allowing them to lend or invest the remainder to earn interest.

Interest-Rate Ceilings

Caps set on the interest rate that can be charged on loans, often to protect consumers from excessively high rates.