The Purchasing Strategy in Which Two Suppliers Are the Sole

question 15

Multiple Choice

The purchasing strategy in which two suppliers are the sole suppliers of different parts,but are also the backup suppliers for each other's parts is

• A) sole sourcing.
• B) multiple sourcing.
• C) just-in-time sourcing.
• D) backup sourcing.
• E) parallel sourcing.

Identify and understand the significance of cultural symbols, customs, and norms.

Understand the concept of just world belief and its application in social perceptions.

Recognize the importance of cross-cultural values and their hierarchy in societal functioning.

Understand the neurobiological basis of love and its effects on the brain.

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Definitions:

Conforming Goods

Goods that meet the specifications and standards outlined in a contract, satisfying the terms of the agreement between buyer and seller.

Preponderantly Conforming

A legal term used to describe goods that substantially meet the specifications or requirements outlined in a contract, despite minor discrepancies.

Uniform Commercial Code

A set of laws that provide legal rules and regulations governing commercial or business dealings and transactions.

Restatement of Contracts

The Restatement of Contracts is a comprehensive compilation of general principles regarding contract law, serving as a guide for judges and lawyers.