A/An _____ Is Nonbinding on Either the Buyer or the Supplier

question 104

Multiple Choice

A/An _____ is nonbinding on either the buyer or the supplier and typically provides discounts to corporate buyers based on total volume for the corporation as a whole, not for any subunits individually.

• A) annual contract
• B) pricing agreement
• C) corporate agreement
• D) escape clause
• E) national buying agreement

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Definitions:

Frequency Theory

A theory in the psychology of hearing that suggests the frequency of a sound is encoded by the frequency of neural impulses sent to the brain.

Sensation

The method through which our sensory receptors and nervous system perceive and portray the energies of stimuli from our surroundings.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

Kinesthetic Sense

The awareness of the position and movement of parts of the body through the sense of muscular and skeletal movement.