Which of the Following Is (Are) a Qualification(s) of a Good

question 10

Multiple Choice

Which of the following is (are) a qualification(s) of a good supplier?

• A) has adequate plant and facilities
• B) has a sound financial position
• C) has reasonable prices
• D) all the above are qualifications of a good supplier

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Definitions:

Profits

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Total U.S. Income

The aggregate pre-tax income earned by individuals and entities within the United States in a given period.

Land Rent

Payment made for the use of land, reflecting its productivity, location, and value form a part of real estate economics.

Future Value

The value of an asset or an amount of money at a specific future date, considering interest or capital gains over time.