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:

SUPERDOT

A now obsolete electronic system used by the New York Stock Exchange for routing orders directly to the trading floor, replacing manual order handling.

Specialist

A financial expert who possesses a deep understanding of specific securities or sectors, often responsible for facilitating trades by matching buyers with sellers.

Securities Investor Protection Corporation (SIPC)

A non-profit organization that protects customers of brokerage firms that are forced into bankruptcy, providing a safety net for investors' assets.

Latency

The delay before a transfer of data begins following an instruction for its transfer, often discussed in the context of trading to measure the delay in executing a transaction.