An Organization's Suppliers Can Have an Important Impact on the Success

question 37

Essay

An organization's suppliers can have an important impact on the success of the organization. Explain what qualities you will look for in suppliers when you are a manager. If you already work with suppliers, you may include an example from your own experience.

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Definitions:

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, different from a calendar year.

Straight-Line Method

The straight-line method is an accounting technique used to allocate the cost of an asset evenly over its useful life for the purposes of depreciation.

Semiannual Interest

The interest on a financial obligation, such as a bond or loan, that is paid twice a year.

Fiscal Year

A one-year period companies use for accounting purposes and preparing financial statements, which may or may not align with the calendar year.