Monitoring, Bargaining, and Negotiating Needed Changes to a Sourcing Contract

question 41

Multiple Choice

Monitoring, bargaining, and negotiating needed changes to a sourcing contract typically add up to about ________ of the yearly contract amount.

• A) 3%
• B) 5%
• C) 8%
• D) 10%
• E) 12%

---

Definitions:

Requests For Information

Formal inquiries made to gather detailed data or facts on a specific subject or project.

Inductive Outline

An organizational structure that begins with specific details and leads to a general conclusion or statement.

Deductive Sequence

A logical process where conclusions are based on the concordance of multiple premises that are generally assumed to be true.

Inductive Sequence

A logical process where specific observations or examples are used to make general conclusions.