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Professional Services in Purchasing and Supply Chain Management MCQ

Transaction cost theory are asserts that simplicity enhances the risk of opportunism and the need for costlier formal control mechanisms.

True

False

Answer

Correct Answer: False

Note: This Question is unanswered, help us to find answer for this one

____ is the area in an agreement where the work to be performed is described.

Statement of work/scope of work (SOW)

Certificate of need (CON)

Capital item requisition (CIR)

Independent-demand purchased items

Answer

Correct Answer: Statement of work/scope of work (SOW)

Note: This Question is unanswered, help us to find answer for this one

Contends that lesser complexity is associated with the need for more expansive coordination mechanisms.

True

False

Answer

Correct Answer: False

Note: This Question is unanswered, help us to find answer for this one

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