If the Purpose of a Licensing Requirement Is Solely to Raise

question 42

Multiple Choice

If the purpose of a licensing requirement is solely to raise revenue for the jurisdiction, and not to ensure competency, the absence of a license:

• A) does not make the agreement void.
• B) makes the agreement void.
• C) creates an illegal and unenforceable contract.
• D) creates a legal but void agreement.

---

Definitions:

Service Level

A measure of the quality of service provided by a vendor or organization, often outlined in service-level agreements specifying performance and availability standards.

ABC Analysis

A method of classifying inventory items into three categories (A, B, and C) based on their value to the company, with A being the most valuable and C being the least.

Procurement Cards

Payment cards issued to employees to make purchases on behalf of their organization, streamlining the purchasing and accounting processes.

Closed-Loop MRP

A material requirement planning system that not only plans manufacturing activities but also provides feedback on the execution against this plan.