If a Manufacturer Chooses to Continue Purchasing Direct Materials from a Supplier

question 37

True/False

If a manufacturer chooses to continue purchasing direct materials from a supplier because of the on-going relationship that has developed over the years, the decision is based on qualitative factors.

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Definitions:

Empiricism

A theory in epistemology that states knowledge comes only or primarily from sensory experience.

Observations

The act of monitoring or recording systematically selected variables or behaviors in research to gather data.

Assumption

A statement taken for granted or accepted as true without proof, used as a basis for reasoning or argument.

Quantitative Research

A research method focusing on obtaining data that can be quantified and analyzed statistically to draw conclusions and test hypotheses.