One Way to Reduce the Risks Associated with a Global

question 15

Multiple Choice

One way to reduce the risks associated with a global supply chain that operates on just-in-time principles is to

• A)depend on one supplier for an important input.
• B)outsource the production of inputs only to advanced countries.
• C)hold an excess buffer stock of inventory.
• D)source inputs from several suppliers located in different countries.
• E)avoid using electronic data interchange.

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Definitions:

Hired

The process of being employed by an organization or individual after the successful completion of an application or interview process.

Authorization Card

A document signed by employees to indicate their support for union representation, often used in the process of forming a union.

Voluntarily Recognize

A situation where an employer acknowledges a union or organization representing its workers without being compelled to do so by law.

Union

An organization that represents the collective interests of employees in negotiations with employers about issues such as wages, work conditions, and benefits.