Which Is Important When Selecting an Outsourcing Vendor

question 19

Multiple Choice

Which is important when selecting an outsourcing vendor?

• A) vendor reputation in the industry
• B) financial health of the vendor company
• C) established record for good customer support
• D) all of the above

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Definitions:

Actual Authority

Legally granted power to an agent by the principal, enabling the agent to act on behalf of the principal.

Authorized Purchases

Transactions made by an individual or entity that are permitted within the scope of their authority or within the terms of an agreement.

Dissolution

The process of formally ending or dissolving a company or legal entity, distributing its assets and liabilities.

Partnership at Will

A partnership at will is a business arrangement without a fixed duration, allowing any partner to dissolve the partnership at any time.