What Is the Meaning Behind the Statement, "Too Big to Fail

question 125

Multiple Choice

What is the meaning behind the statement, "Too big to fail"?

• A) Large organizations that dominate the industry can make management mistakes but still survive.
• B) Small to medium organizations are not as innovative as large companies and hence not as successful.
• C) Large companies are more customer responsive than small companies.
• D) History has shown that large companies rarely fail.

Distinguish between mutually exclusive and independent events.

Calculate the number of possible outcomes using the multiplication principle.

Understand the concept of complementary events and their probability sum.

Apply the addition and multiplication laws of probability.

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Definitions:

Supply Chain Management System

A software solution that allows businesses to manage and optimize all supply chain activities from planning and procurement to logistics and fulfillment.

Fully Integrated

Systems or processes that are completely interconnected and functioning as a whole, offering seamless functionality across different components or aspects.

Technology System Gaps

Refers to the discrepancies or deficiencies in an organization's technological systems, which can impact operational efficiency and competitiveness.

SCM Supports

The systems, tools, and practices that aid in managing the flow of goods and services from suppliers to customers in the supply chain management process.