Compared to Making a Product or Component, Buying It Has

question 20

Multiple Choice

Compared to making a product or component, buying it has the advantage of:

• A) guaranteed source of supply.
• B) greater specialization of your own business.
• C) direct control of quality.
• D) direct control of delivery.

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Definitions:

Corporate Assets

All tangible and intangible assets owned by a corporation, including cash, property, intellectual property, and goodwill, used in the operation of the business.

High-Level Managers

Executives and other top-tier management personnel responsible for making strategic decisions and overseeing the operations of a company or organization.

Breach Of Fiduciary Duty

The failure of a person in a position of trust to act in the best interests of those they serve.

Shareholders

Individuals or entities that own shares in a corporation, giving them ownership interests and possibly rights to dividends and voting in company matters.