Supply-base optimization means ______.
A. reducing the number of suppliers for better control and communication
B. determining the best number of suppliers to purchase from
C. engaging a large number of suppliers so backup supply is available
D. leaving the organization to be vulnerable to unexpected price increases
B. determining the best number of suppliers to purchase from
You might also like to view...
Freedom, youthfulness, achievement, and materialism are characterized as U.S. ________
A) core values B) belief systems C) value systems D) coercive norms
Culture can be considered at a national level and regional level but is too broadly defined to be distinct at a local level
Indicate whether the statement is true or false
Firms engage in transactions that subject them to specific financial risks. Most firms face risks—that is, variability of outcome—from changes in interest rates, foreign exchange rates, and commodity prices. Firms can purchase financial instruments to reduce these business risks, that is, to reduce the volatility of certain outcomes. Some of these instruments trade in relatively active
markets, like marketable securities, while others have specialized terms and do not trade at all. The general term used for the types of financial instruments that firms might buy to mitigate the risks is a(n) a. swaps. b. derivative. c. forwards. d. futures. e. options.
Which of the following is an example of an offer to make a unilateral contract?
A) Jose offers to sell Melinda his car for $20,000. B) Martin offers to fund the renovation of Billy's farm to help ease his debt problems. C) Robert offers to take Jasmine to the park on Thursday if it does not rain. D) Helena offers to pay $300 to anyone who finds her lost puppy and returns it to her.