All of the Following Are Characteristics of an Effective Supplier

question 19

Multiple Choice

All of the following are characteristics of an effective supplier survey except ____.

• A) the survey should be comprehensive and include the performance categories considered important to the evaluation and selection process
• B) the survey process should be as objective as possible
• C) it must be mathematically straightforward
• D) the buyer should attempt to measure every possible variable
• E) a sound supplier survey is flexible

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Definitions:

Scatterplot

A graphical representation that uses dots to represent the values obtained for two different variables, illustrating the possible relationship between them.

Connecting Points

The process or technique of determining a path or drawing a line between multiple points in a space.

Option

In finance, it refers to a contract which gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date.

Observations

Data points or individual pieces of information collected during a study or research.