A Supplier Has Just Been Awarded a Large Contract by Your

question 279

True/False

A supplier has just been awarded a large contract by your company. As an employee in purchasing, you were largely responsible for awarding that supplier the contract. The supplier's sales representative has just called and would like to take you to lunch to thank you for the support. Going to lunch with the sale representative does not present any ethical problems.

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Definitions:

Indifferent

In finance, this refers to a state or condition where a particular choice does not make one better or worse off than another choice.

Interest Rate

The fee levied by a lender on a borrower for asset utilization, calculated as a percentage of the principal value.

Compounded Monthly

A method of calculating interest where the interest earned each month is added to the principal, so that the balance doesn't merely grow, it grows at an increasing rate.

Loan Payments

Regular payments made to repay borrowed money, including both principal and interest components.