Which of the Following Is TRUE

question 37

Multiple Choice

Which of the following is TRUE?

• A) Performance metrics and personal business relationships are both keys to building successful partnerships.
• B) ISO 75000 is the supplier award given to the highest rated supplier in Japan.
• C) The key to successful partnerships is developing performance measures with weights greater than 3.50.
• D) SRM software modules are very affordable (less than $50,000) and can be implemented with a week.

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Definitions:

Capitalist Economy

An economic system where private individuals and businesses own the means of production and operate for profit, guided by market forces.

Economists

Professionals or scholars who study, develop, and apply theories and concepts from economics, and write about economic policy.

Affordable

Referring to something that is priced reasonably, within the financial means of most people.

R&D Spending

Expenditures devoted to research and development by governments, organizations, or companies to innovate new products and processes.