A(n) ________ Helps to Clarify What Is Unknown or Confusing

question 6

Multiple Choice

A(n) ________ helps to clarify what is unknown or confusing by equating it with an image that is more familiar or vivid.

• A) ritual
• B) story
• C) anecdote
• D) metaphor

Determine the role of supply managers in developing, negotiating, and managing outsourcing contracts.

Comprehend the concept and implications of service triads in outsourcing.

Understand reasons for making (insourcing) versus buying (outsourcing) decisions.

Identify what constitutes a core competency and how it influences outsourcing decisions.

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Definitions:

Consideration

Something of value promised to another when making a contract.

Unilateral Contract

An agreement in which only one party makes a promise to perform in exchange for an act by the other party.

Acceptance

The act of receiving or agreeing to something, such as a proposal or offer, thus constituting a contract.

Performance

The execution, accomplishment, or fulfillment of a promise, contract, or other obligation.