Most Businesses Tend to Develop Multiple Suppliers Instead of Just

question 25

True/False

Most businesses tend to develop multiple suppliers instead of just using one to avoid giving one supplier too much power.

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Definitions:

Optimism

A mental attitude characterized by hope and confidence in success and a positive future.

Extraversion

A personality trait characterized by outgoingness, sociability, and a high level of activity and enthusiasm.

Funder and Colvin

Psychologists who proposed the Realistic Accuracy Model (RAM) of personality judgment, emphasizing the importance of accurate observations for making precise evaluations about others.

Power of the Situation

The concept that the environment or situational context can strongly influence individuals' behavior, often more than their personal traits.