It Is Desirable for a Firm in a Responsive Supply

question 15

Multiple Choice

It is desirable for a firm in a responsive supply chain to have:

• A) low-capacity cushions.
• B) delivery by railroad.
• C) high-capacity utilization consistent with high-volume delivery.
• D) inventory investments as needed to enable fast delivery times.

Recognize the international jurisdictional issues raised by the internet and online transactions.

Comprehend the principles of jurisdiction, including the conditions under which courts can exercise jurisdiction over parties.

Understand the implications of jurisdiction for corporations operating in multiple states or countries.

Identify the factors influencing the choice of litigating in federal versus state court when concurrent jurisdiction exists.

---

Definitions:

Disposable Income

Disposable Income is the amount of money that households have available for spending and saving after income taxes have been accounted for, directly influencing consumption and savings behavior.

Saving

The act of setting aside a portion of current income for future use or investment, contributing to individual financial security and potential economic growth.

Disposable Income

Post-tax funds households can use for expenditure and savings.

Induced Consumption

Consumer spending that is influenced by changes in income levels, as opposed to spending that is not influenced by such changes.