Which of the Following Are Considered Outcomes of Implementing a Supplier

question 19

Multiple Choice

Which of the following are considered outcomes of implementing a supplier evaluation and selection criteria?

• A) Allows firm to screen out poor performing suppliers in its present supplier base.
• B) Allows firm to screen out undesirable suppliers that they may be considering for future purchases.
• C) Allows firm and its suppliers to develop a better corporate relationship
• D) All of these

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Definitions:

Dividends

Funds disbursed by a company to its shareholders, representing a share of the profits earned by the company.

Total Liabilities

The sum of all financial obligations a company owes to outside parties.

Expenses

Costs incurred by a business in the process of earning revenue, including operational costs, salaries, and utilities.

Retained Earnings

Part of a company's profit that is held or retained and saved for future use, reinvestment, or to pay debt rather than being paid out as dividends to shareholders.