Which One of the Following Is a Correct Definition of a Supplier

question 66

Multiple Choice

Which one of the following is a correct definition of a supplier category?

• A) Strategic-for suppliers of operational products or services
• B) Tactical-for relationships involving significant commercial activity and business interaction
• C) Operational-for suppliers providing low value and/or readily available products and services
• D) Commodity-for significant partnering relationships that involve senior managers

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Definitions:

Financial Statements

Formal records of the financial activities and condition of a business, person, or other entity, typically comprising the balance sheet, income statement, and statement of cash flows.

Bold-face Type

A font style that is darker and thicker than the surrounding text to emphasize importance.

Footnote

Additional information provided at the bottom of financial statements to clarify or expand on the data presented.

Pro Forma Income

An estimate of the net income and other financial metrics for a future period, based on projected revenues and expenses.