Performance on a Contract May Result in a Supplier's Name

question 8

Multiple Choice

performance on a contract may result in a supplier's name being dropped from the buying organization's

• A) industry directory.
• B) make-buy list.
• C) vendor-rating sheet.
• D) suppliers sheet.
• E) bidder's list.

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Definitions:

Regular Price

The standard or usual cost of an item or service without any discounts, promotions, or special offers applied.

Operating Expenses

Definition: Costs associated with the day-to-day operations of a business, excluding cost of goods sold.

Sears

A former major American chain of department stores known for selling a wide range of products, from clothing to appliances.

Breakeven Price

The amount of money for which selling a product or service neither results in a profit nor a loss.