Which of the following best describes the behavior associated with assessing a vendor’s viability by reviewing stock history, recent expenditures, and other related fiscal data?
o Due Diligence: This process involves a thorough investigation and evaluation of a vendor's financial health, stability, and overall viability. It includes reviewing stock history, expenditures, fiscal data, and other relevant information to make informed decisions about the vendor's reliability and potential risks.
o Analysis of Alternatives (Option B): This involves comparing different options or vendors to determine the best choice, but it doesn't specifically focus on the detailed financial assessment.
o Vendor Monitoring (Option C): This refers to ongoing oversight of a vendor's performance and compliance, rather than the initial in-depth financial assessment.
o Business Impact Analysis (Option D): This is a process to determine the potential impact of disruptions on business operations, not specifically related to assessing a vendor's financial viability.
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Steel16
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3 months ago