When the Majority of the Company's Business Is Given to One

question 24

Multiple Choice

When the majority of the company's business is given to one supplier and other suppliers are treated as backup suppliers,this is called

• A) a preferred supplier strategy.
• B) a dual sourcing strategy.
• C) a cross-sourcing strategy.
• D) a spend consolidation strategy.

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Definitions:

Empowered Consent

The process of giving permission or agreement for something, rooted in a position of informed strength and autonomy.

Confidentiality

The ethical principle that mandates not sharing disclosed information with unauthorized individuals.

Risks and Benefits

Risks and benefits involve weighing the potential negative and positive outcomes of an action, procedure, or treatment, essential in decision-making processes.

ADDRESSING Framework

A model used in counseling and psychology to explore and understand the complexities of identity, including factors such as age, disability, religion, ethnicity, social status, sexual orientation, Indigenous background, national origin, and gender.