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Here is risk appetite statement of a manufacturer and its related risk tolerance statement: As a manufacturer of engineered wood products, we operate in a

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Here is risk appetite statement of a manufacturer and its related risk tolerance statement: As a manufacturer of engineered wood products, we operate in a highly competitive market. To compete, we have adopted a higher risk appetite relating to product defects in accepting the cost savings from lower-quality raw materials. We have set a target for production defects of one flaw per 1,000 board feet. Production staff may accept defect rates up to 50% above this target (i.e., 1.5 flaws per 1,000 board feet) if the cost savings from using lower-cost materials is at least 10%. How do you believe this statement would affect your decision making if you were the company's supply chain manager in charge of purchasing raw materials? How would this statement affect your decision-making in selecting supplies of raw materials? (2 points) C. Speculate on the primary mission, vision, and core values of the company based solely on this risk appetite statement. (2 points)

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