Which One of the Following Statements Regarding Supplier Selection Criteria

question 152

Multiple Choice

Which one of the following statements regarding supplier selection criteria is TRUE?

• A) Suppliers should be selected on the basis of price only because the cost of materials is a significant portion of total product cost.
• B) Suppliers should be selected on the basis of quality, price, and delivery.
• C) Suppliers should be selected primarily on the basis of the shortest lead time because higher lead time increases the cost of inventory.
• D) Suppliers should be selected on the basis of quality because quality is always the most important characteristic of a product.

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Definitions:

On-the-job Experience

Practical work experience gained while performing a job or occupation, typically within a specific industry or professional field.

Mandatory Requirement

A rule or standard that is required by law or policy, which must be followed.

Medical Facility

A place that offers health care services to patients, including hospitals, clinics, and urgent care centers.

Career Goal

A long-term professional aim or dream that an individual seeks to achieve in their working life.