Kevin is excited because he has just signed an agreement to purchase steel frames from a company at an excellent price and of very high quality. Once the contract begins, Kevin eagerly awaits the first shipment, but it arrives a month behind the agreed-upon schedule, which slows down production at Kevin's plant. Kevin is furious because he realizes too late that this supplier
A. produces poor quality.
B. has bad credit terms.
C. is unreliable.
D. is not as inexpensive as he thought.
E. is unscheduled.
Answer: C
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Free market economics is grounded in the ________.
A. rights-based framework of ethics B. utilitarian framework of ethics C. legal framework of ethics D. principle-based framework of ethics
If Anna by mistake delivers to Bob a plain, unaddressed envelope containing $50 intended for Cora:
a. Bob is under no obligation to return the money. b. Bob is under a contractual obligation to return the money. c. Bob's obligation to return the money is quasi-contractual. d. Bob's obligation to return the money is implied in fact.
Good packaging
A. can lower distribution costs. B. can make a product easier or safer to use. C. can make products easier to handle and display. D. can be an important promotional tool. E. All these answers are correct.
Outsourcing ERP functions might look cheaper on paper, but savvy managers must consider the total cost of ________
A) attorneys B) consultants C) ownership D) management E) none of the above