Answer:
To answer this question, we must first add the options, they are:
A. Vendor performance assessment
B. Need recognition
C. RFP
D. Vendor negotiation
E. Product specification
They are the Vendor Negotiation stage of the business-to-business buying process
The correct option is D. Vendor Negotiation
Explanation:
Vendor negotiation is the process whereby a buyer and a seller discuss the terms of a trade, such as price, quantity, quality, and so on. This discussion will either lead to an agreement and the deal is sealed, or it will lead to a disagreement and both parties go their way.
In the case of USF Corporation above, since they are already discussing the price, quality, and delivery schedules, it means they have secured a supplier who will be capable of meeting the terms of the corporation.
In this stage, the corporation will carry out the negotiations in order to get the best value for its money.
Answer:
Exposure factor=20%
Explanation:
Exposure factor is percentage value of an asset that can potentially by lost if a particular risk is realized. Most risk managers use the exposure factor to determine if the purchase of certain property usually equipment or machinery is worth it. It can be thought of as comparing the value one would lose if a certain risk is attained to the original value of the property. For example in case the risk is realized and the value of the property is completely lost, the exposure factor would be 1.
It is calculated by taking the value of the property lost over the original value then converted to a percentage. This can be expressed as shown;
E.F=(Vl/Vo)×100
where;
E.F=exposure factor
Vl=value lost in case of the scenario
Vo=original value
In our case;
E.F=unknown
Vl=$2 million
Vo=$10 million
This can also be written as;
Exposure factor=(value lost/original value)×100
Replacing;
E.F=(2/10)×100=20%
The exposure factor=20%
Find out what you want to do with the money and how much you have
Answer:
The amount that would not be covered by Thad Joslin insurance is $50,000
Explanation:
Thad has a 100/300 bodily injury liability coverage, this implies that he has a coverage of $100,000 bodily injury liability insurance per person and $300,000 total bodily injury liability insurance per accident. However, his insurance policy does not make provision for or cover the $50,000 property damage liability per accident. Therefore, Thad Joslin would have to pay for it.
Assets that are not expected to provide benefits for a number of accounting periods are called b. fixed assets