Supply's Growing Involvement in the Acquisition of Services May Be

question 8

Multiple Choice

Supply's growing involvement in the acquisition of services may be explained by:

• A)declining technical knowledge of internal users of services.
• B)the growing respect for supply managers as equals in the organization.
• C)the need for more of a personal relationship with the service supplier.
• D)high dollar value on services and the opportunities to reduce costs.
• E)the fact that price and service-delivery requirements are complex.

---

Definitions:

Right to Payment

A legal entitlement to receive money as a result of a contract or legal agreement.

Liquidation

The process of converting company assets into cash to pay off debts, often preceding the dissolution of the company.

Trustee

A person or firm that holds and administers property or assets for the benefit of a third party.

Assets

Resources owned by a company or individual with economic value.