When Organisations Assess Their Own Performance in Relation to Suppliers

question 90

True/False

When organisations assess their own performance in relation to suppliers, two of the measures they can use are the response time to support queries and the number of suppliers or joint innovations generated.

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Definitions:

Ordinary Assets

Assets that are held for sale in the ordinary course of a business or are otherwise not capital assets, including inventory and property used in a trade or business.

Inventory

Goods and materials held by a business for the purpose of sale or production.

Trade or Business

Trade or Business refers to any activity conducted for profit or livelihood, including goods and services production, buying, selling, or providing services.

Ordinary Loss

A loss incurred in the regular operation of a business or the sale of assets used in the business that can be fully deducted in the year it occurs.