ZuoTi.Pro
Question

Consider the following statements regarding supplier relationship management: (1) Performance is evaluated with an eye toward...

Consider the following statements regarding supplier relationship management:
(1) Performance is evaluated with an eye toward improving or terminating the
relationship.
(2) Trust is established once the supplier fulfills the terms of the contract.

Group of answer choices

a Only statement (1) is correct.

b Only statement (2) is correct.

c Both statements are correct.

d Neither statement is correct.

business   Operations-Management   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

The correct answer is option C, i.e. Both the statements are correct.

Supplier relationship management aims to manage the interactions with all vendors that supply raw materials. Performance reports help in establishing the value that the company gets from a strategic relationship with the vendor. Once the supplier performs favorably fulfilling the terms of the contract, trust is established between both parties.

0 0
Add a comment
Know the answer?
Add Answer to:
Consider the following statements regarding supplier relationship management: (1) Performance is evaluated with an eye toward...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Which of the following statements regarding supply chain management is Correct? A supply chain is a...

    Which of the following statements regarding supply chain management is Correct? A supply chain is a set of entities and relationships that cumulatively define materials and information flow both downstream toward the customer and upstream toward the very first supplier. O B. Structure improvements in supply chains mainly can be achieved by vertical integration. C. The Bullwhip Effect improves supply chain performance. D. Supply chain performance is typically measured in terms of employee satisfaction.

  • 1.Which of the following statements is true regarding the new ASC Topic 606 for revenue recognition?...

    1.Which of the following statements is true regarding the new ASC Topic 606 for revenue recognition? Multiple Choice The focus is on when the firm has earned the consideration to which it is entitled. Early adoption is not allowed. The new rules are more rules-based than principle-oriented. Under IFRS, both public and non-public firms must adopt by 2018 2.Assuming the requirements for recognizing revenue over time are met, the measure of completion is computed by dividing Multiple Choice profits earned...

  • Indicate whether the following statements are true or false: 1. A budget is a formal written...

    Indicate whether the following statements are true or false: 1. A budget is a formal written statement in financial terms of management's plans for a specified future time period. A budget is prepared only once a year. 2. 3. A budget requires all levels of management to plan ahead and to formalize goals on a recurring basis. 4. The budget is an important basis for evaluating performance. 5. The "top-down" approach to budgeting is called participative budgeting. 6. Budgeting and...

  • Consider the following statements: Statement 1: Analysts prefer using the arithmetic mean over using the geometric...

    Consider the following statements: Statement 1: Analysts prefer using the arithmetic mean over using the geometric mean to compute the historical equity market risk premium. Statement 2: Analysts prefer using the long-term government bond yield over the short-term government bond yield as the risk-free rate when computing the historical equity market risk premium. Which of the following is most likely? Select one: a. Only Statement 1 is correct. b. Only Statement 2 is correct. c. Both statements are incorrect. Which...

  • 1.         Regarding the tax formula applicable to individual taxpayers, which of the following statements is...

    1.         Regarding the tax formula applicable to individual taxpayers, which of the following statements is correct? a.         In arriving at AGI, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. b.         In arriving at taxable income, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. c.         If a taxpayer claims deductions for AGI, the standard deduction is not available. d.         In arriving at taxable income, a taxpayer may claim...

  • 1. Regarding the tax formula applicable to individual taxpayers, which of the following statements is correct?...

    1. Regarding the tax formula applicable to individual taxpayers, which of the following statements is correct? a. In arriving at AGI, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. b. In arriving at taxable income, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. c. If a taxpayer claims deductions for AGI, the standard deduction is not available. d. In arriving at taxable income, a taxpayer may claim itemized...

  • 1. Regarding the tax formula applicable to individual taxpayers, which of the following statements is correct?...

    1. Regarding the tax formula applicable to individual taxpayers, which of the following statements is correct? a. In arriving at AGI, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. b. In arriving at taxable income, a taxpayer may claim deductions for AGI or deductions from AGI, but not both. c. If a taxpayer claims deductions for AGI, the standard deduction is not available. d. In arriving at taxable income, a taxpayer may claim itemized...

  • 1. Consider the following statements:        I. Per COSO, Control Activities are the policies and procedures...

    1. Consider the following statements:        I. Per COSO, Control Activities are the policies and procedures that help insure that management’s          directives are carried out.       II. A Reliance Strategy is used when control risk is considered High.       a. I is true; II is true       b. I is true;   II is false       c. I is false; II is true       d. I is false; II is false 2. Management's attitude toward aggressive financial reporting and its...

  • 1. Consider the following statements:        I. Clearly trivial and not material are terms that can...

    1. Consider the following statements:        I. Clearly trivial and not material are terms that can be used interchangeably.       II. The higher the dollar amount of (performance) materiality the less audit evidence is required.       a. I is true;   II is true       b. I is true;   II is false       c. I is false; II is true       d. I is false; II is false 2. Consider the following statements:         I. Per auditing standards, the successor [new]...

  • Group work #2 Case Study The "XYZ company decided to implement a new performance management system based on employees' performance and merit. During its 50 years of existence, t...

    Group work #2 Case Study The "XYZ company decided to implement a new performance management system based on employees' performance and merit. During its 50 years of existence, the company practiced "paternalistic" HRM system with the following features: Jobs, not skills or performance, are the foundations of HR decisions Performance appraisal does not take into account the merit of the employees Compensation system is based on jobs rather than performance or skills . The new performance management system was decided...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT