When Asked to Secure a Supplier for Your Company, What

question 44

Multiple Choice

When asked to secure a supplier for your company, what is the one goal you should be focused on to ensure the task is completed correctly?

• A) to ensure there is evidence of a deliberate intention to create legal relations
• B) to select a reliable supplier, negotiate terms, and secure a written contract
• C) to secure terms that will allow for the recovery of related financial losses
• D) to secure a commitment on price and the delivery date of the goods

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Definitions:

Hierarchy Of Authority

A system of organization where entities are ranked according to levels of power and control, from highest to lowest.

Mechanistic And Organic

Describes two contrasting organizational structures; mechanistic being highly structured and hierarchical, organic being more flexible and adaptable.

Authority Structure

The framework that delineates the lines of authority, communication, and responsibility within an organization.

Integration

The process of combining or coordinating separate elements to work together in a unified system.