Firms Can Expect That Proper Use of a Valid Vendor

question 92

Multiple Choice

Firms can expect that proper use of a valid vendor file will result in all of the following benefits except

• A) purchasing agents will be discouraged from improperly ordering inventory from related parties
• B) purchases from fictitious vendors will be detected
• C) the most competitive price will be obtained
• D) the risk of purchasing agents receiving kickbacks and bribes will be reduced

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Definitions:

Self-Efficacy

is the belief in one's own ability to accomplish tasks and achieve goals.

Mental Outlook

Refers to an individual's attitude or perspective towards life and their environment, encompassing positivity or negativity in their approach to various situations.

Subordinates

Subordinates or staff members who occupy a lower tier in the organizational ladder and are answerable to individuals at a higher level within the company structure.

Professional Judgment

The capacity to make decisions or conclusions within one’s field of expertise based on knowledge, experience, and ethical standards.