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An internet-based auction between competing sellers or suppliers in real time, is called a:
Reverse e-auction.
This term is used in your syllabus.
'The act of drawing the attention of someone in authority, to an alleged instance of unethical con-duct', is called:
Whilst alerting senior managers to wrongdoing within the organisation may be whistling in the wind, requiring one to wet one's whistle afterwards, the term for this increasingly common practice in organisations is 'whistleblowing'.
Accurate specification of requirements along with suitable-chosen quality standards is most likely to influence which of the five Rights?
Quality.
Specification is fundamental to receiving the right quality.
Standards can be seen as a form of specification intended for recurrent use (Lysons)
A common term to describe an approach to settling contractual disagreements:
Alternative dispute resolution (ADR)
The other terms shown are irrelevant / fictional.
The formal appraisal of a current supplier, measured in terms of factors such as quality, timeliness of delivery, etc is known as:
Once a supplier is contracted, monitoring performance is vendor rating.
Prior to a supplier being contracted, attempting to understand what their performance would be like is called 'supplier appraisal'.
