How Can a Firm Best Protect Itself Against an Interruption

question 57

Multiple Choice

How can a firm best protect itself against an interruption in the supply of parts?

• A) Transport the parts in its own transportation vehicles.
• B) Maintain more than one supply source.
• C) Use suppliers from the city where the firm is located.
• D) Select suppliers through a competitive bidding process.

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Definitions:

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The decade spanning from 1890 to 1899, marked by industrial growth, colonial expansion, and significant cultural development in literature and the arts.

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The ineffective, inefficient, or dishonest administration of public affairs, often characterized by a lack of transparency, accountability, and responsiveness.

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A period in the late 19th century characterized by rapid economic growth, technological advancement, and stark social inequalities in the United States.