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Which of these personal power bases stems from the manager's position in the organisation and the authority that lies in that position?
Which of these personal power bases stems from the manager's position in the organisation and the authority that lies in that position?A . Coercive powerB . Legitimate powerC . Expert powerD . Reward powerView AnswerAnswer: B Explanation: Legitimate power comes from the belief that a person has the formal right...
A supplier’s mark-up on all products is 25%. Supplier's profit margin is...?
A supplier’s mark-up on all products is 25%. Supplier's profit margin is...?A . 20%B . 30%C . 75%D . 15%View AnswerAnswer: A Explanation: Table Description automatically generated with medium confidence Text Description automatically generated with low confidence LO 2, AC 2.1
A supplier’s mark-up on all products is 25%. Supplier's profit margin is...?
A supplier’s mark-up on all products is 25%. Supplier's profit margin is...?A . 20%B . 30%C . 75%D . 15%View AnswerAnswer: A Explanation: Table Description automatically generated with medium confidence Text Description automatically generated with low confidence LO 2, AC 2.1
Spendwaterfall
SpendwaterfallA . 2 and 4 onlyB . 3 and 4 onlyC . 1 and 2 onlyD . 1 and 3 onlyView AnswerAnswer: A Explanation: Understanding where and with whom your supplier spends their money, or understanding the 'cost breakdowns' or 'price build-up' of the goods andservices you purchase from the...
Which of the following are most likely to be fixed costs of an airline? Select TWO that apply.
Which of the following are most likely to be fixed costs of an airline? Select TWO that apply.A . Purchase of aircraftB . Catering servicesC . Advertising and promotionD . Flightcrew trainingE . FuelView AnswerAnswer: A,D Explanation: Fixed costs (FC) are costs that do not vary with volume. To an...
Which of the following best describes Leverage quadrant in Kraljicmatrix?
Which of the following best describes Leverage quadrant in Kraljicmatrix?A . Low risk, high importanceB . High value, high complexC . Low risk, low importanceD . High complex, low importanceView AnswerAnswer: A Explanation: In 1983, Peter Kraljic devised a means to segment the supplier base in the article in HBR....
When is the best time to adopt accommodating style according to Thomas-Kilmann conflict mode instrument?
When is the best time to adopt accommodating style according to Thomas-Kilmann conflict mode instrument?A . When both buyer and supplier want to find anintegrative solution as their concerns are too important to be compromisedB . When buyer needs to gather more information to gain more advantages in later negotiationsC...
Which of the following is NOT a barrier to entry in amonopolized market?
Which of the following is NOT a barrier to entry in amonopolized market?A . The costs of production make a single producer more efficient than a large number of producersB . A single firm is very largeC . The government gives a single firm the exclusive right to produce some...
What is the most likely outcome when two organisations with adversarial relationship negotiate with each other?
What is the most likely outcome when two organisations with adversarial relationship negotiate with each other?A . DeadlockedB . Lose loseC . Win loseD . Win winView AnswerAnswer: C Explanation: An adversarial relationship in purchasing and supply arises when identical or equivalent good or services are available from competing suppliers...
Which of the following would cause a demand curve for a good to be price inelastic?
Which of the following would cause a demand curve for a good to be price inelastic?A . There are a great number of substitutes for the goodB . The consultancy serviceC . The luxury goodsD . The necessary goodsView AnswerAnswer: D Explanation: Essential goods andservices such as electricity, fuel, basic...
