Which of the Following Should Be Incorporated into the General

question 25

Multiple Choice

Which of the following should be incorporated into the general information on supplier selection? 

• A) Number of employees of suppliers. 
• B) Turnover of suppliers. 
• C) Contract value. 
• D) How bids are evaluated.

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Definitions:

Autonomous Consumption

The level of consumption that occurs when income is zero; it is the base level of spending that must occur even if an individual has no income.

Total Consumption

The aggregate amount of goods and services consumed by individuals or entities within a particular economy.

Savings Rate

The savings rate is the proportion of disposable income that is saved by households rather than spent on consumption.

Conspicuous Consumption

The spending of money on and the acquisition of luxury goods and services to publicly display economic power or social status.