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You are a Supply Chain Procurement Manager working for a large manufacturing company located in North America. Recently, you have found out that one of your suppliers is in contravention of your company's standards of engagement because they are employing persons aged 14 to 16 years of age. Whilst you would prefer to end the business relationship with this supplier immediately, you have to weigh up the ethical issues with the commercial considerations including; the low cost of the supplies and the history of reliability of delivery from this supplier.
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Based on your knowledge of corporate social responsibility, as well as supply chain logistics, what is the best course of action in this situation? Discuss.
Explain Ellsberg Paradox and which axioms in expected utility theory are violated according to Ellsberg?
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Other things the same, a decrease in the U.S. interest rate a. shifts money demand to the left. Which of the following shifts aggregate demand to the left?
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