Certification in Supplier Diversity Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Certification in Supplier Diversity Exam. Utilize flashcards and multiple choice questions with detailed hints and explanations. Ensure your success with comprehensive study resources!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

External driven metrics are primarily influenced by what factors?

  1. Market trends and financial reports

  2. Internal policies and practices

  3. Laws and regulations for record keeping

  4. Company-specific strategic goals

The correct answer is: Laws and regulations for record keeping

External driven metrics are primarily influenced by factors that occur outside of an organization. Laws and regulations for record keeping represent external standards that organizations must adhere to and can significantly impact reporting and operational practices. Compliance with these legal requirements shapes how a company gathers and reports data, which can influence metrics related to supplier diversity. While internal policies, market trends, and strategic goals play important roles in an organization’s performance, they are more reflective of the company's internal environment and strategic direction rather than external influences. By focusing on external regulations, a company ensures it meets legal and societal expectations, which can directly affect metrics related to supplier diversity and overall organizational transparency.

More Questions Like This