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:
Im not sure, sorry, I wish I could help
Answer: A. Dollars are printed on paper and have value because the government says they have value.
Explanation: Commodity backed money is a situation where by the value of money is backed up by its purchasing power with which it can be traded with at request. The supply of many can not be more than the purchasing power the country holds.
Answer:
$146,212.00
Explanation:
PMT which is the annual savings is $2000
Rate is 8%
The annual savings would last for 25 years(65-40)
FVIFA FACTOR=(1+r)^n-1/r
r=8%
n=25
FVIFA FACTOR=(1+8%)^25-1/8%
FVIFA FACTOR=(1.08)^25-1/0.08
FVIFA FACTOR=(6.848475196-1)/0.08=73.106
Amount in the account at retirement=PMT*FVIFA FACTOR
Amount in the account at retirement=$2000*73.106=$146,212.00
