The Supplier Selection Decision

question 27

Multiple Choice

The supplier selection decision:

• A)should always be preceded by a formal supplier evaluation and rating.
• B)should be based on quantifiable factors such as price and delivery,and ignore social and environmental issues.
• C)can be depicted by a decision tree identifying options,evaluation criteria,and probabilities of success and failure.
• D)can be seen as a decision-making process undertaken in an environment of certainty.
• E)is based on a uniform set of weighted criteria that can be applied to every purchase.

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Definitions:

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychosocial development of humans at different stages of their lives.

Preschool Period

A developmental phase focusing on children typically between the ages of three to five years old, prior to entering formal school, where foundational skills for learning, socializing, and understanding the world are developed.

Social Disapproval

Negative reactions or sanctions from society or a community towards behaviors or actions that are considered unacceptable or out of the norm.

Increase Fear

The amplification or escalation of the feeling of fear, likely due to perceived threats or anxiety-provoking situations.