_____ allows a buying organization to react more quickly when risk events occur by already having previously prepared plans and proposed responses in place in advance of the actual event.
A)Hedging
B)Use of third party intermediaries
C)Multiple sourcing
D)Scenario analysis
E)None of these answers.

Question

Quizplus · Accepted Answer

Scenario analysis is a technique that involves creating hypothetical situations and examining how an organization would respond to them. By using scenario analysis, a buying organization can develop plans and proposed responses in advance of potential risk events, which allows for quicker and more effective reactions when those events occur.

_____ Allows a Buying Organization to React More Quickly When