Which of the Following Is a Benefit to the Purchaser

question 12

Multiple Choice

Which of the following is a benefit to the purchaser in supplier partnerships?

• A) frequent deliveries on a just-in-time basis
• B) better quality
• C) improved performance and cost
• D) all the above
• E) a and b above only

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Definitions:

Strict Liability

A legal principle where a party is held responsible for damages or loss, regardless of fault or intention.

Employer Negligence

A situation where an employer fails to provide a safe working environment, leading to injury or damage to employees.

ERISA

The Employee Retirement Income Security Act, a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry.

Pension Benefits

Payments made from a retirement plan, often based on years of service and salary history, made to eligible employees after retirement.