Purchasers Always Want to Select Suppliers Who Are Profitable and Growing

question 31

True/False

Purchasers always want to select suppliers who are profitable and growing.

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Definitions:

Division Of Labor

The breaking down of work into a number of separate tasks to be performed by different workers, increasing efficiency and productivity.

Hierarchy Of Authority

A system of organization where entities are ranked according to levels of power and control, from highest to lowest.

Mechanistic And Organic

Describes two contrasting organizational structures; mechanistic being highly structured and hierarchical, organic being more flexible and adaptable.

Authority Structure

The framework that delineates the lines of authority, communication, and responsibility within an organization.