Description by Brand

question 19

Multiple Choice

Description by brand:

• A) may be a preference of an internal user, but it is never a necessity.
• B) is the least risky and lowest cost approach to attaining "best value."
• C) may be a necessity because the manufacturing process is secret.
• D) should always be discouraged by the buyer.
• E) indicates a supplier has unduly influenced someone in the buyer's organization.

---

Definitions:

Involuntary Bankruptcy

This is a legal process initiated by creditors against a debtor, rather than the debtor filing for bankruptcy voluntarily, forcing them into bankruptcy to satisfy debts.

Creditors

Persons or organizations that are owed money by borrowers.

Bankruptcy Proceedings

The legal process through which individuals or businesses that are unable to repay their debts can seek relief from some or all of their financial obligations.

Proof of Claim

A written statement filed by a creditor in bankruptcy proceedings detailing the claim against the debtor.