Buyer Must Not Only Satisfy Cost, Quality, and Lead-Time Goals

question 23

Multiple Choice

buyer must not only satisfy cost, quality, and lead-time goals, but also stay within ______________ constraints.

• A) quality and inventory
• B) financial and budgetary
• C) quality and budgetary
• D) technological and budgetary
• E) quantity and consumer

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Definitions:

Tangibles

Physical assets that can be touched and seen, such as machinery, buildings, and land, as opposed to intangible assets like stocks or patents.

Set Off

A legal defense that allows a debtor to counterbalance a claim from a creditor with a claim of their own against the creditor.

Solvent

The state of being able to meet all financial obligations as they come due.

Surety

A form of security or guarantee where a third party agrees to be responsible for the debt, default, or failure of another to fulfill an obligation.