Please let me know correct answer and explain itTopic 4

Study Guide 1-4

Question

Please let me know correct answer and explain it

Topic 4 Study Guide 1-4

1. When solving disputes in buyer-supplier relationships, which action should be used as a last resort?

a. Mediation

b. Arbitration

c. Going to court

d. Open communication

e. Putting yourself in the shoes of the supplier

2. Which is not one of the conditions for a valid contract?

a. Offer

b. Consideration

c. Meeting of the minds

d. Purchase price reductions

e. Legal subject matter

3. Which is not one of the ways to promote ethical behavior?

a. Rotating assignments

b. Having an ombudsman

c. Inconsistent behavior

d. Ethical standards and guidelines

e. Top management support

Supply Chain Management