A Supplier and a Retailer Have a Long,established Relationship

question 30

Multiple Choice

A supplier and a retailer have a long,established relationship.Earlier contracts between them have always provided the standard "within 30 days of delivery" payment provision.A new contract between them makes no reference to payment terms.What would a court most likely rely on to arrive at a decision that payment is due within 30 days of delivery?

• A) customs in the trade
• B) past dealings
• C) business efficacy
• D) statutory requirements

---

Definitions:

Achievement Orientation

A personal characteristic which involves setting high standards, striving for goals, and seeking fulfillment through accomplishing tasks.

Need For Affiliation

A psychological drive that reflects a person's desire to build and maintain interpersonal relationships, feel a part of groups, and be liked by others.

Managerial Roles

The specific functions or responsibilities assigned to managers in an organization, which often include planning, organizing, leading, and controlling.

Effective Performance

The degree to which objectives are achieved and the extent to which targeted problems are solved in a timely and efficient manner.