Which of the Following Statements Is False in Relation to Choosing

question 77

Multiple Choice

Which of the following statements is false in relation to choosing a supplier?

• A) Purchasers should consider price, quality, and reliability when choosing a supplier.
• B) Purchasers should always be on the lookout for new suppliers.
• C) Purchasers should ensure that the credit terms a supplier offers are agreeable to their company.
• D) Purchasers should carefully consider the geographical location of the supplier and the corresponding freight costs.
• E) Purchasers should focus on having only one supplier for each material needed.

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Definitions:

Consideration

The benefit, interest, or value that induces a party to enter into a contract.

Revoking Assignment

The act of withdrawing or cancelling a task, duty, or responsibility that has been assigned to someone.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Prohibits Assignments

A clause within contracts that restricts or forbids the transfer of rights, responsibilities, or interests from one party to another without prior approval.