Which of the Following Initiatives Is Not One of the Proactive

question 24

Multiple Choice

Which of the following initiatives is not one of the proactive supply management initiatives proposed by the new supply management team at Megatronics?

• A) Six Sigma program
• B) Total Quality Management
• C) Utilize early supplier involvement (ESI)
• D) Early supply management involvement
• E) Improve source selection process

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Definitions:

Termination of Offer

The revocation or withdrawal of a proposal by the offeror before it has been accepted by the offeree.

Counteroffer

A proposal made in response to an original offer, modifying its terms and conditions, which effectively rejects the initial offer.

Material Term

A significant provision in a contract that notably affects the rights and obligations of the parties involved.

Elements of Offer

The criteria that must be met for a proposal to be considered a valid offer in contract law, typically including intent, definiteness, and communication to the offeree.