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:

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership's value in the business.

Merchandise

Goods that are purchased for resale at a profit as part of a business's retail operations.

Withdrawal

The act of removing funds from an account, or the act of removing capital from a business by its owner.

Environmental Assessment

The process of evaluating the potential environmental impacts of a planned project or development before decisions are made.