Most Organizations Develop Multiple Suppliers Rather Than Give Their Business

question 34

Multiple Choice

Most organizations develop multiple suppliers rather than give their business to only one in order to ________.

• A) increase knowledge and information
• B) reduce dependency
• C) maximize power
• D) develop interdependence
• E) avoid uncertainty

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Definitions:

Lease Contract

A legal agreement between two parties where one party allows the other to use a property, equipment, or service for a specified period in exchange for payment.

Legally Owns

Possession of property, shares, or assets in accordance with the law, granting the owner the legal rights to use, sell, or modify the owned item.

Lessor

The owner of a property or asset that is leased or rented out to another party, known as the lessee.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position at a specific point in time, outlining assets, liabilities, and shareholders' equity.