Purchasing Managers

question 41

Multiple Choice

Purchasing managers

• A) are, in general, not very well educated.
• B) always buy from the lowest price supplier.
• C) may be willing to pay more to reduce personal risk.
• D) are usually the last ones a salesperson sees, after the order has been approved by the gatekeepers.
• E) None of these alternatives for purchasing managers is correct.

Understand the concept of the "honeymoon effect" in the context of job satisfaction.

Identify factors that contribute to employee turnover intentions.

Recognize the relationship between job satisfaction, organizational commitment, and turnover.

Describe the impact of job satisfaction on customer satisfaction and organizational profitability.

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Definitions:

Contributing Parties

Entities or individuals that contribute resources, information, or efforts towards a common project, goal, or agreement.

Fungible Goods

Items or goods that are interchangeable with others of the same type, quality, and quantity.

Gross Negligence

A lack of care that demonstrates a reckless disregard for the safety or lives of others, significantly beyond ordinary negligence.

Bailment

The temporary placement of control or possession of personal property into someone else's hands, for a specific purpose, with the expectation of its return.