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The main advantage of sole source agreement is that it offers consistency which enhances efficiency. The sole-source contracts will bind the relevant parties to meet their obligations.
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∙ 9y ago
A sole source agreement can provide a more streamlined procurement process by eliminating the need for competitive bidding, which can save time and resources. It can also foster a closer relationship with the supplier and potentially lead to better quality products or services.
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Advantage and disadvantage of sole proprietorship?
Advantage: Easy to set up and manage, full control over decision-making, simplified tax reporting as business income is reported on personal tax return. Disadvantage: Unlimited personal liability, limited access to capital, potential difficulty in attracting investors or partners.
Sole proprietorship advantages?
sole proprietorship has the following advantage.. 1. it enables the proprietor to decide on the matters with regards to the business. 2. own money could be use in the financing (though it is also part of its disadvantage)
What is the primary source for derivative classification?
The primary source for derivative classification is the original classified source document that contains the information to be classified. Derivative classification involves incorporating or paraphrasing classified information from these source documents into new documents.
What is the difference between theory of absolute advantage and a theory of comparative advantage?
The theory of absolute advantage states that a country should produce goods that it can produce more efficiently than other countries. On the other hand, the theory of comparative advantage argues that a country should specialize in producing goods that it can produce at a lower opportunity cost compared to other countries, even if it does not have an absolute advantage in that good.
What is meant by polychromatic source?
A polychromatic source is a light source that emits several colors or wavelengths of light simultaneously. It is different from a monochromatic source, which emits light of a single color or wavelength. Polychromatic sources are commonly used in applications such as photography, microscopy, and lighting design.
What does NOT use an inorganic source of carbon as its sole source?
a photoheterotroph
What is the main advantage of the sole proprietorship?
fastest to start.
Is the 123 agreement gives advantage or disadvantage to India?
Detail Of 123 agreement Detail Of 123 agreement
What is Morocco the only source of?
Morocco is a major source of rock phosphate, but not the sole source.
Can I get a payday advance if I am disabled and my sole source of income is Social Security Disability?
“Can I get a payday advance if I am disabled and my sole source of income is Social Security Disability?”
What is an advantage to sole propietorship?
it is the least-regulated form of a business organization.
What is an advantage of a sole proprietorship?
it is the least regulated form of business organization
What is an advantage the owners of a sole proprietorship enjoy over the owner of a corporation?
Sole proprietors get to make all of the business decisions themselves.
Is an advantage the owners of a sole proprietorship enjoy over the owners of a corporation?
Sole proprietors get to make all of the business decisions themselves.
What is an advantage the owners of sole proprietorship enjoy over the owners of a corporation?
Sole proprietors get to make all of the business decisions themselves.
What Advantage the owners of a sole proprietorship enjoy over the owner of a corporation?
Sole proprietors get to make all of the business decisions themselves.
Does the mother automatically get sole custody of child until court agreement?
If she is unwed, yes.
