The Consequences for the Small Business Owner of a Vendor

question 85

Multiple Choice

The consequences for the small business owner of a vendor certification program include:

• A)using one supplier for the majority of their inventory needs.
• B)guaranteed quality and price for selected items.
• C)that the vendor will not supply components to competitors.
• D)less government scrutiny and regulation of their business.

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Definitions:

Evidence-Based Management

emphasizes the use of scientific evidence to guide decision-making and practices in organizational management.

Contradictory Evidence

Information or data that directly opposes or disputes the current understanding, beliefs, or hypotheses.

Different Interpretations

The occurrence of various meanings or understandings of a message or piece of information among different people.

Evidence-Based Management

A practice of making managerial decisions and organizational practices based on the best available evidence from multiple sources.