CORe Exam Dumps | PQR, Inc. is a large international life insurance company. PQR's vice president of sales asks the firm's

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HBX.CORE.v2024-09-27.q132
Question 103

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Question 103/132

PQR, Inc. is a large international life insurance company. PQR's vice president of sales asks the firm's supply manager to require that any future procurement contracts contain a provision which obligates the supplier to make PQR's insurance products available to the supplier's employees for optional purchase. In this situation, the supply manager should

A. ask legal counsel to review national and local laws in determining the legality of the request

B. accommodate the request, as the provision contains no absolute requirement that a supplier's employees purchase any insurance

C. decline the request on the grounds that it is Illegal

D. decline the request, as it is contrary to the principle of buying and selling based on the fundamental criteria of quality, cost, and service

Correct Answer: A

* Evaluate the Legality: The request to include a provision obligating suppliers to make insurance products available to their employees involves potential legal implications.
* National and Local Laws: Different jurisdictions have varying laws regarding what can be included in procurement contracts, especially concerning employment and insurance.
* Legal Counsel Consultation: Engaging legal counsel ensures that the supply manager is adhering to the appropriate legal framework and avoids any possible legal issues for PQR.
* Mitigate Risks: By consulting with legal counsel, the supply manager can mitigate any risks associated with including such provisions, ensuring the company remains compliant with relevant laws.
References
* Contract Law Textbooks
* Corporate Governance Guidelines
* Legal Compliance Resources

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