In Which of the Following Is a Person Performing the Role

question 138

Multiple Choice

In which of the following is a person performing the role of a gatekeeper?

• A)Dan decides on the product requirements and makes the final choice of suppliers.
• B)Leo has the authority to pick out the supplier and negotiate the terms of purchase.
• C)Liam heads the Tech team at LKG and provides information for evaluating the possible alternatives.
• D)LKG gets many calls from potential suppliers,and it is Leah's job to weed out the good prospects and refer them to others in LKG.
• E)Dana authorizes the actions of the deciders and buyers in LKG.

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Definitions:

Price Ceiling

A legal maximum price that can be charged for a product or service, often set by government to control costs for consumers.

Price Floor

A government-imposed limit below which prices cannot fall, often set to protect producers.

Rent

A periodic payment made by a tenant to a landlord for the use of land, a building, or other property.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.