A Plan for Managing the End of a Supplier Contract

question 436

Multiple Choice

A plan for managing the end of a supplier contract should be created when?

• A) The contract is being negotiated
• B) The contract is about to be ended
• C) The Supplier Manager decides that there is a risk the contract might need to end soon
• D) The contract has been agreed

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Definitions:

Finance Company

A business that provides loans to individuals or other businesses and may also offer other financial services such as leasing, credit cards, or mortgage services.

Joint Payees

Individuals or entities who are designated in a financial instrument, such as a check, as the combined recipients of the payment.

Order

(1) An order to appear and bring specified documents. (2) A binding decision issued by an ALJ after a hearing.

Shelter Principle

The principle which holds that when an item is transferred, the transferee acquires all the rights the transferor had to the item.