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%

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Definitions:

Punctual and Polite

Character traits involving being on time for appointments, meetings, etc., and showing courteous behavior towards others.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a desire to do a task well.

Rarely be Late

A habit or characteristic of consistently arriving on time or ahead of the scheduled time.

Situational Constraints

External factors or conditions that limit or dictate the actions one can take in a given context.