Poor Payment Practices Can: (I)damage Cash Flow (Ii)damage Supplier Relationships

question 35

Multiple Choice

Poor payment practices can: (i) damage cash flow (ii) damage supplier relationships (iii) lead to fraud (iv) increase the chance of collusion.

• A)(i)(ii)only
• B)(i)(ii)(iv)only
• C)(i)(ii)(iii)only
• D)(i)(ii)(iii)(iv)

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Definitions:

Quantity Demanded

The complete quantity of a product or service that buyers are ready and able to buy at a certain price during a defined time frame.

Quantity Supplied

Quantity Supplied is the amount of a commodity that producers are willing to sell at a particular price over a certain period of time.

Equilibrium

A situation in the market where demand and supply balance out, causing prices to remain stable.

Quantity Supplied

The total amount of a good or service that producers are willing to sell at a given price over a specific period.