The Purpose of Having Multiple Suppliers for a Product Is

question 51

Multiple Choice

The purpose of having multiple suppliers for a product is to

• A) guarantee the supplier sufficient business when the supplier has to make a significant buyer-specific investment.
• B) ensure a degree of competition.
• C) ensure the possibility of a backup should a source fail to deliver.
• D) both B and C

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Definitions:

Writ of Certiorari

A type of writ by which a higher court reviews the decisions of a lower court.

Inspector General

An official in charge of inspecting and overseeing the operations and activities within a particular organization to ensure compliance and integrity.

Administrative Adjudications

Administrative Adjudications refer to the process by which government agencies resolve disputes or make determinations in regulatory or legal matters.

Respondent

The party against whom an appeal, motion, or petition is filed in legal proceedings.