Which of the Following Statements Concerning Supply Chain Risk Is

question 4

Multiple Choice

Which of the following statements concerning supply chain risk is true?

• A) Most companies have a clear understanding of how resilient their supply chains are to failure.
• B) Both the chances of disruption occurrence and magnitude of loss must be considered.
• C) Focusing attention on the 20% of suppliers that incur 80% of the cost is a recommended approach.
• D) All of the above are true.

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Definitions:

Official Government Definition

A formal and authoritative explanation or description of a term or policy provided by a governmental body.

Biological Needs

Fundamental requirements that sustain the life of an organism, such as food, water, and shelter.

Equality Of Income

A state in which income is distributed equally among individuals or groups in society.

Incentive To Produce

Factors or motivations that encourage firms or individuals to engage in production, often driven by the potential for profit or market demand.