Answer: Planning reduces creativity
Explanation:
Under Planning reduces creativity, all team menbers are instructed or directed to work within the frame given by the management to them, working outside the frame of what was issued would go against the directives of the organization. This type of limitation of planning limits creativity, because members won't be able to introduce ideas to advance the growth of the team.
The use of effective contracts with penalties could reduce the following forms of supply chain risks:
- Distribution
- Logistic delays or damages
- Supplier failure to deliver
<h3>
What are supply chain risks?</h3>
Supply chain risk management is "the implementation of strategies to manage routine and non-routine risks in the supply chain to reduce vulnerability and ensure continuity based on ongoing risk assessment".
<h3>
What are effective contracts?</h3>
Most contracts only need to contain two elements to be legally effective: the parties must agree (after one party has made an offer and the other has accepted it).
Something of value, such as money, services or goods (or a promise to exchange such goods) must be exchanged for something else of value.
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Full Question
The use of effective contracts with penalties could reduce which form of supply chain risk?
A. Distribution
B. Logistic delays or damages
C. Supplier failure to deliver
D. All of the above Question:
Answer:
c. sunk cost.
Explanation:
Because in short run, fixed cost doesn't changes with output, that is whether we produce or not, we have to pay for it, so it is considered as Sunk cost. Also like Sunk cost, we don't make decisions with fixed costs.
Answer: True
Explanation:
When a sector contributes a significant amount to GDP suffers a shock, the GDP of the nation will be shocked as well. Proportionally it goes that the greater the shock to the sector, the greater the shock to the GDP.
For instance, Agriculture contributes a significant amount to GDP. If a drought were to hit that reduced harvests by 50%, the GDP will suffer a huge shock as well because the contribution from Agriculture will be significantly less.
