Good Relationships with Suppliers Is Important, but They Are Especially

question 25

Multiple Choice

Good relationships with suppliers is important, but they are especially important for

• A) large businesses.
• B) small businesses.
• C) medium-sized business.
• D) labor-intensive businesses.

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Definitions:

Piece-Rate

A pay system in which individual workers are paid a certain sum of money for each unit of production completed.

Lump Sum Bonus

A one-time payment given to an employee as a reward for performance or for completion of a project.

Productivity Restriction

Limitations or constraints that reduce the efficiency or output of work processes, often resulting in decreased organizational performance.

Habitually Underestimate

The consistent tendency to assess situations, abilities, or outcomes as less significant or valuable than they actually are.