Mitigating risk through redundancy helps mostly with ...

		... making processes more lean to minimize risk
		... lowering the impact of the risk in focus
		... transfering the risk to third party partners
		... decreasing the probablity of the risk occur

Cross-training of employees allows for

		development of efficient budgets across departments
		improvement of T-shaped skills
		easier employee transfer within and across regions within which the company operates
		faster company growth and advancement of your employees' careers

1. Thinking about the 3Rs concept of sustainability, which one would best associate with the eco-effective concept mentioned in the textbook?

   		Reduce
   		Reuse
   		Recycle
   		Refurbish

1. Companies must grapple with many challenges and obstacles when setting up a global supply chain. These challenges are often described within the C.A.G.E. framework. What does this abbreviation stand for?

   		Companies, Allocation, Globalization, Environment
   		Competitors, Adaptation, Geographic, Economic
   		Culture, Administrative, Geographic, Economic
   		Culture, Administrative, Globalization, Environment
   		Complexities, Administration, Globalization, Economy

1. Early thinking behind the mass manufacturing on a global scale followed the idea that consumers are starting to look more

   		heterogeneous
   		homogeneous
   		diverse
   		culturally aware

n his book and in the video that we watched in class, Thomas Friedman presents an example of how UPS takes over logistics, reverse logistics, and repair services for companies such as Toshiba and Nike. He refers to this flattener as ________________.

		Outsourcing
		Integrating
		Insourcing
		Informing
		Connecting