Understanding Procurement Control for Responsible Contracting
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What is the primary factor influencing the level of control over procurement activities?

  • The hiring manager's role in relation to the contractor (correct)
  • The type of contractor hired
  • The geographical location of the contractor
  • The number of employees in the contractor's company

    • In which scenario do we have the highest degree of control over procurement activities?

  • When our portfolio companies are hiring managers of contractors
  • When we have minority ownership in a food production company
  • When our contractors are hiring managers of other contractors
  • When we are the hiring manager of a contractor (correct)

    • What is emphasized as crucial in promoting responsible contracting even with limited control?

  • Engagement in dialogue to promote responsible contracting principles (correct)
  • Number of years the contractor has been in business
  • Geographical proximity to the contractor
  • Amount of financial investment in the contractor

    • How does higher control over procurement activities affect our leverage with third parties?

    <p>It increases our leverage</p> Signup and view all the answers

    What is a consequence of higher control over procurement activities in terms of risk exposure?

    <p>Increased exposure to legal, financial, and reputational risks</p> Signup and view all the answers

    Why is it important to stay engaged in dialogue regarding responsible contracting even when control is limited?

    <p>To promote responsible contracting principles despite limited control</p> Signup and view all the answers

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