"Jamel, I Agree with Your Recommendation to Purchase the New

question 27

Multiple Choice

"Jamel, I agree with your recommendation to purchase the new instrument, even though we could develop and manufacture it internally. A purchase will be most ________, as long as you recognize that others will have it as well; in other words, it will not offer a ________," said Phillip Jones, operations manager.

• A) cost-effective; time advantage
• B) time-consuming; price advantage
• C) time-consuming; time advantage
• D) cost-effective; competitive advantage
• E) time-consuming; competitive advantage

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Definitions:

Pay to the Order

A phrase used in cheques or negotiable instruments that specifies the person to whom the payment is to be made.

Indorsements

The act of signing one's name on the back of a negotiable instrument to legally transfer it to another party.

Blanket

In a general context, a large fabric designed for warmth, but in various fields can mean a broad coverage or application of something.

Partial

Incomplete or not whole; affecting only a part of something.