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:

Common Law Rule

A legal principle that emerges from court decisions over time rather than from statutes or constitutions, forming part of the common law legal system.

Criminal Act

A criminal act is an action or omission that constitutes an offense punishable by law.

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections to individuals, including against self-incrimination and double jeopardy.

Self-Incrimination

The act of implicating oneself in a crime, which is protected against under the Fifth Amendment of the U.S. Constitution, allowing individuals to refuse to testify against themselves.