Which of the following is true about business-to-business e-procurement?
A) E-procurement increases transaction costs for suppliers.
B) Because of an overwhelming demand, e-procurements usually have a huge time gap between order and response.
C) Many buyers now use the power of the Internet to pit suppliers against one another and search out better deals, products, and turnaround times on a purchase-by-purchase basis.
D) E-procurement enhances customer-supplier relationships.
E) Due to extensive paperwork, the relatively important strategic issues, such as finding better supply sources and working with suppliers to reduce costs and develop new products, are sidelined.
C
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The Easton vs. Strassburger case 1984 helped define a brokers duty to disclose material facts to a potential buyer. Which of the following best to find the disclosure required:
a. A list of obvious property defects and any functional obsolescence. b. The statement that the property is being sold as is. c. A recommendation to obtain a professional property inspection. d. A list of property defects that are known or should be known.