Country X Requires That at Least 40% of All Suppliers

question 45

Multiple Choice

Country X requires that at least 40% of all suppliers to government agencies be either small or medium-sized vendors.For a large vendor trying to gain a government contract in Country X,this requirement is most likely an example of ________.

• A) illegal constraints
• B) managerial bounds
• C) service output gaps
• D) environmental bounds
• E) affirmative action laws

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Definitions:

Adequate Employment

Refers to a labor market situation where the number of jobs available is sufficient for the workforce seeking employment.

Poverty

A condition where individuals or communities lack the financial resources to meet basic living necessities such as food, shelter, and healthcare.

Median Household Income

The income of the household lying at the exact middle of the income distribution.

Poverty Level

An officially defined threshold of income that is considered insufficient to meet the basic needs of a household or individual, varying by country.