A Guarantor Is a Person Who

question 39

Multiple Choice

A guarantor is a person who:

• A) joins with the person who is primarily liable in promising to make the payment or to perform the duty.
• B) does not join in making a promise, but makes a separate promise and agrees to be liable on the happening of a certain event.
• C) is paid for serving as a surety, such as a bonding company.
• D) acts as a surety without compensation, such as a friend who cosigns a note as a favor.

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Definitions:

Bullwhip Measure

Refers to the calculation of the variation in demand and inventory levels within a supply chain, illustrating how slight changes in consumer demand can lead to larger variances in orders placed upstream.

Dampening Scenario

A situation where fluctuations in demand or supply are reduced or stabilized to minimize the impact on operations or planning.

Bullwhip Measure

A metric that quantifies the increase in variability or fluctuations in order and inventory levels observed as one moves up the supply chain from retailers towards manufacturers.

Supply Chain

The network of manufacturers, suppliers, and logistics providers involved in producing and delivering a product to the end user.