The _____ supplier evaluation system seeks to identify and quantify the total cost of doing business with a given supplier, as the lowest purchase price may not always result in the lowest total cost for an item or service
a. Six Sigma
b. zero defects
c. cost-based
d. categorical
e. weighted-point
c
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A quota-bonus plan is applicable when
A. performance management is outsourced. B. there are no other incentives. C. an employee has a salary plan based solely upon performance. D. productivity is poor. E. employee performance exceeds the quota.
Which of the following is true with regard to problems faced by international researchers?
A) Translation of questionnaires increases research costs and risks of error. B) Erratic purchasing patterns limit data reliability and validity. C) More often than not, cultural differences enrich research findings. D) Diverse markets always yield conflicting data. E) The primary data obtained by international researchers are almost always error prone.
If a person who has been declared incompetent by the courts enters into an agreement, that agreement is void, because it does not meet all the requirements of a binding contract
a. True b. False Indicate whether the statement is true or false
Vision is an important element of entrepreneurial leadership because
A. a vision statement is part of the documentation used to obtain venture financing. B. organizations cannot function without a detailed and operational vision. C. the entrepreneur has to envision realities that do not yet exist. D. banking institutions require it.