One Way a Firm Could Reduce the Risk of Problems

question 67

Multiple Choice

One way a firm could reduce the risk of problems with supplier dependability is to

• A)purchase inventory from only U.S.-based suppliers.
• B)use an ERP system for purchases.
• C)require suppliers to be ISO 9000 certified.
• D)automate the purchasing function.

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Definitions:

Extrinsic Motivation

A form of motivation driven by external rewards or pressure rather than internal desire.

Organizational Member

refers to an individual who is part of an organization and plays a role in its functioning, contributing to its goals and culture.

Objectives

Specific, measurable goals or targets that an individual, team, or organization aims to achieve.

Performance

An evaluation of how effectively an individual or organization executes tasks, typically assessed against a set of standards or goals.