Which of the Following Is TRUE

question 43

Multiple Choice

Which of the following is TRUE?

• A)SRM software modules are very affordable (less than $50,000)and can be implemented with a week.
• B)ISO 75000 is the supplier award given to the highest rated supplier in Japan.
• C)The key to successful partnerships is developing performance measures with weights greater than 3.50.
• D)Continuous improvement and change management are both keys to building successful partnerships.

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Definitions:

Creditors

Creditors are individuals or entities that lend money or extend credit, and are owed repayment by debtors.

Capital Balance

The amount of money that a company has in its capital account, reflecting the total capital invested by shareholders and retained earnings.

Federal Income Taxes

Taxes imposed by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Partnership

A sanctioned business setup where a group of individuals co-manage the operation and share the resulting income.