Question

In: Operations Management

We discussed acceptance test criteria and procedures in some detail. Such requirements are normally included in...

We discussed acceptance test criteria and procedures in some detail. Such requirements are normally included in the buyer-seller contract. From the seller's perspective, getting the buyer to accept one or more deliverables is critical because: A. It's evidence that the seller is doing its job under the contract. B. Acceptance by the buyer normally triggers the buyer's legal obligation to pay for that deliverabe. C. The buyer can't sue the seller for deliverables that are accepted. D. None of the above

Solutions

Expert Solution

B. Acceptance by the buyer normally triggers the buyer's legal obligation to pay for that deliverable.

There is an obligation of the buyer to pay the price for the deliverables accepted. Hence from the seller’s perspective, getting the buyer to accept one or more deliverables is critical because it provides a protection to the seller against the buyer towards any default of payments.


Related Solutions

Acceptance test criteria and procedures are discussed in some detail. Such requirements are normally included in the buyer-seller contract.
Acceptance test criteria and procedures are discussed in some detail. Such requirements are normally included in the buyer-seller contract. From the seller's perspective, getting the buyer to accept one or more deliverables is critical becauseA. It's evidence that the seller is doing its job under the contract. B. Acceptance by the buyer normally triggers the buyer's legal obligation to pay for that deliverable. C. The buyer can't sue the seller for deliverables that are accepted. D. None of the above
What are some of the criteria to consider when test to perform?
What are some of the criteria to consider when test to perform?
About investment criteria. We have discussed about five investment criteria, including NPV, IRR, PI, AAR and...
About investment criteria. We have discussed about five investment criteria, including NPV, IRR, PI, AAR and Payback. a) Given that three projects are mutually exclusive and their information is as follows, which project to choose and why? Project A Project B Project C NPV $500,000 $200,000 $300,000 IRR 12% 15% 18% PI 1.5 2.0 1.6 b) Which two investment criteria do NOT take time value of money into the consideration? c) List two exceptional cases that IRR is not reliable
We discussed a number of criteria management can use to evaluate the suitability of projects before...
We discussed a number of criteria management can use to evaluate the suitability of projects before concluding that among NPV analysis, IRR analysis, Payback Period analysis, and Profitability Index analysis, NPV analysis is best. Discuss the purposes of the other 3 types, indicating what they can be used for, as well as where their shortcoming(s) enter into evaluations.
Implement one of the hashing procedures that we have discussed, and the following related functions: INSERT...
Implement one of the hashing procedures that we have discussed, and the following related functions: INSERT (item) DELETE (item) FIND (item) Make sure that your program correctly handles collisions and full hash table!
What are some of the criteria to consider when determining which statistical test to perform?
What are some of the criteria to consider when determining which statistical test to perform?
Identify some of subtentive test and analatical procedures need to carry out on the completion of...
Identify some of subtentive test and analatical procedures need to carry out on the completion of Audit work. [10 Marks
We have discussed several factors that are used in market segmentation.   Demographic factors included Age, Gender,...
We have discussed several factors that are used in market segmentation.   Demographic factors included Age, Gender, Income, Wealth, Social Class, Race, Ethnicity, Religion, Household Composition, Marital Status, Presence of Children,     Psychographic factors included Behaviors, Attitudes, Lifestyles, etc. Geographic (e.g. lives in New York vs. lives in California) Behavioral (has certain usage patterns, brand expectations, brand loyal, price sensitive) It’s easy to provide examples of segmentation based on demographics or geography. But explore the 15 different psychographic segmentation possibilities. In...
This semester we have discussed the following statistical analyses.              Z-test               One-Sample t-test
This semester we have discussed the following statistical analyses.              Z-test               One-Sample t-test                   Independent Groups t-test                  Repeated Measures t-test One-Way ANOVA                             Regression                                           Correlation 1. Research shows that people who do well on the SAT tend to do well in college (they have a higher GPA). Likewise, students who do not do well on the SAT struggle in college (they have a lower GPA). This information is used by college admissions officials to determine if a student should...
We discussed some of the theoretical aspects of the social discount rate (r) in class. The...
We discussed some of the theoretical aspects of the social discount rate (r) in class. The benchmark for cost-bene t analysis by the public sector was set by the O ce of Management & Budget (OMB) in 1992 to 7%. However, Obama's Council of Economic Advisers questioned this (see the policy paper posted under additional reading). In the 1970s, the OMB used 10%, and then lowered it in the 1980s to 8%. In the 1950s, the Army Corps of Engineers...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT