Which of the Following Is Not an Example of Questions

question 39

Multiple Choice

Which of the following is not an example of questions that should be asked when evaluating a supplier's management capability?

• A)Has management committed the supplier to TQM and continuous improvement?
• B)Does management promote a customer-focused philosophy?
• C)What is the willingness of employees to contribute to improved operations?
• D)Does management put a priority on supply chain management?
• E)What is the history of labor/management relations?

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Definitions:

Annual Profit

The net income a company or individual earns in a fiscal year after all expenses are subtracted from total revenues.

Cartels

Organizations of independent businesses formed to coordinate the production, pricing, and marketing of goods to monopolize the market and restrict competition.

Incentive to Deviate

A situation where a party has a profitable reason to diverge from a prescribed strategy or agreement.

Monopoly Output

The quantity of goods or services produced by a monopolist, characterized by the lack of competition and the ability to control prices.