Asked by Sophie Hansen on May 16, 2024
Verified
Canceling a contract for a technicality when market prices are falling is considered an acceptable and ethical practice.
Canceling
involves terminating an agreement, order, or subscription, effectively ending an arrangement or contract.
Technicality
A minor detail affecting a legal decision or process that may have implications for the outcome of a case or the execution of a contract.
Ethical Practice
The adherence to moral principles and standards in professional and personal actions, ensuring fairness, transparency, and integrity.
- Identify equitable practices in the treatment of suppliers during competitive bidding scenarios.
Verified Answer
Learning Objectives
- Identify equitable practices in the treatment of suppliers during competitive bidding scenarios.
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