Question: Explain the differences between internal and external risks and give an example of each. (4 points) Give a brief history of Just in Time Inventory,
Explain the differences between internal and external risks and give an example of each. (4 points) Give a brief history of Just in Time Inventory, and why companies use it. (4 points) Risk and uncertainty are linked but different. In ONE paragraph, explain the differences between uncertainty and risk. (4 points) Give me an example of a company that made a decision out of ignorance and the consequences of those actions. (2 points) Why is making a decision with certainty impossible? (2 points) Describe the major changes in supply chain management since COVID-19. How do these changes pertain to the delivery of education? (2 points) Identify four unique challenges faced by businesses operating in Northern Ontario that are different from the rest of the province. How can businesses mitigate these unique challenges? (8 points)
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