The Purpose of a Vendor Certification Program Is to Create

question 135

True/False

The purpose of a vendor certification program is to create a list of acceptable vendors that the small business owner can spread his/her orders among to avoid stocking out due to delays in shipments.

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Definitions:

Trial Court's Finding

The outcome or decision of a case determined by the trial court after examining the evidence presented.

Clearly Erroneous

A standard for review indicating that a decision was obviously incorrect or mistaken, often used in legal contexts.

Arbitration

A method of dispute resolution involving a neutral third party who makes a binding decision to resolve a dispute between two parties.

Complaint

The pleading made by a plaintiff alleging wrongdoing on the part of the defendant; the document that, when filed with a court, initiates a lawsuit.