A Sourcing Strategy in Which Two Suppliers Are Used for the Same

question 89

Multiple Choice

A sourcing strategy in which two suppliers are used for the same purchased product or service is:

• A)cross sourcing.
• B)dual sourcing.
• C)contingency sourcing.
• D)multisourcing.

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Definitions:

Canadian Dollars

The official currency of Canada, commonly represented by the symbol CAD.

Functional Currency

The main currency used by a business or entity in its principal economic environment.

Canadian Dollars

The official currency of Canada, often symbolized as CAD.

Translation Gain/Loss

The gain or loss resulting from the conversion of financial statements from one currency to another for consolidation purposes.