A Fourth-Party Logistics Provider (4PL)is ______

question 62

Multiple Choice

A fourth-party logistics provider (4PL) is ______.

• A)the merger of two 2PL companies
• B)an independent supply chain integrator
• C)a subcontractor for a third-party logistics provider
• D)a contractor that government regulations require on a project

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Definitions:

Equilibrium

A state in which market supply equals market demand, such that the allocation of goods or resources is effectively balanced.

Compensating Wage Differentials

Differences in wage rates due to the non-monetary aspects of different jobs, such as risk level or working conditions.

Illegal Immigrant Workers

Illegal immigrant workers are individuals who are employed in a country without the legal authorization to work there, often facing exploitative conditions without protection under labor laws.

U.S. Workers

Refers to the labor force in the United States, consisting of individuals working or seeking employment in the country.