Commerce Exam  >  Commerce Questions  >  A and B are partners.A was authorised to buy ... Start Learning for Free
A and B are partners.A was authorised to buy goods for the firm.A placed an order of Rs.10 00 000 with a supplier who offered 15% commission to A.A declined to receive commission and request the supplier to reduce to purchase price by 15% .Supplier agreed to it.Which value has been fulfilled by A?
Most Upvoted Answer
A and B are partners.A was authorised to buy goods for the firm.A plac...
The value that has been fulfilled by A in this scenario is integrity.

**Explanation:**

1. **Integrity**: Integrity refers to the quality of being honest, having strong moral principles, and adhering to ethical standards. In this case, A displayed integrity by declining to receive the commission offered by the supplier and requesting a reduction in the purchase price instead.

2. **Partnership and Authorization**: A and B are partners, and A has been authorized to buy goods for the firm. As an authorized partner, A has the responsibility to act in the best interest of the partnership and make decisions that align with the agreed-upon principles and goals.

3. **Order Placement**: A placed an order of Rs. 10,00,000 with a supplier. This implies that A has the authority to make purchasing decisions on behalf of the firm.

4. **Commission Offer**: The supplier offered a 15% commission to A. This commission could have been seen as an opportunity for personal gain, as A could have accepted the commission and benefited financially.

5. **Declining the Commission**: A declined to receive the commission offered by the supplier. This decision shows that A prioritizes the interests of the firm over personal financial gain.

6. **Request for Reduced Purchase Price**: Instead of accepting the commission, A requested the supplier to reduce the purchase price by 15%. This demonstrates A's commitment to obtaining the best possible deal for the firm, even if it means forgoing personal benefits.

7. **Supplier Agreement**: The supplier agreed to reduce the purchase price as requested by A. This indicates that the supplier recognized the fairness of A's request and was willing to accommodate it.

By declining the commission and requesting a reduction in the purchase price, A has displayed integrity by prioritizing the firm's interests over personal gain. A's actions demonstrate a sense of responsibility and ethical decision-making, which are essential values in business partnerships.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Similar Commerce Doubts

Top Courses for Commerce

A and B are partners.A was authorised to buy goods for the firm.A placed an order of Rs.10 00 000 with a supplier who offered 15% commission to A.A declined to receive commission and request the supplier to reduce to purchase price by 15% .Supplier agreed to it.Which value has been fulfilled by A?
Question Description
A and B are partners.A was authorised to buy goods for the firm.A placed an order of Rs.10 00 000 with a supplier who offered 15% commission to A.A declined to receive commission and request the supplier to reduce to purchase price by 15% .Supplier agreed to it.Which value has been fulfilled by A? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A and B are partners.A was authorised to buy goods for the firm.A placed an order of Rs.10 00 000 with a supplier who offered 15% commission to A.A declined to receive commission and request the supplier to reduce to purchase price by 15% .Supplier agreed to it.Which value has been fulfilled by A? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B are partners.A was authorised to buy goods for the firm.A placed an order of Rs.10 00 000 with a supplier who offered 15% commission to A.A declined to receive commission and request the supplier to reduce to purchase price by 15% .Supplier agreed to it.Which value has been fulfilled by A?.
Solutions for A and B are partners.A was authorised to buy goods for the firm.A placed an order of Rs.10 00 000 with a supplier who offered 15% commission to A.A declined to receive commission and request the supplier to reduce to purchase price by 15% .Supplier agreed to it.Which value has been fulfilled by A? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of A and B are partners.A was authorised to buy goods for the firm.A placed an order of Rs.10 00 000 with a supplier who offered 15% commission to A.A declined to receive commission and request the supplier to reduce to purchase price by 15% .Supplier agreed to it.Which value has been fulfilled by A? defined & explained in the simplest way possible. Besides giving the explanation of A and B are partners.A was authorised to buy goods for the firm.A placed an order of Rs.10 00 000 with a supplier who offered 15% commission to A.A declined to receive commission and request the supplier to reduce to purchase price by 15% .Supplier agreed to it.Which value has been fulfilled by A?, a detailed solution for A and B are partners.A was authorised to buy goods for the firm.A placed an order of Rs.10 00 000 with a supplier who offered 15% commission to A.A declined to receive commission and request the supplier to reduce to purchase price by 15% .Supplier agreed to it.Which value has been fulfilled by A? has been provided alongside types of A and B are partners.A was authorised to buy goods for the firm.A placed an order of Rs.10 00 000 with a supplier who offered 15% commission to A.A declined to receive commission and request the supplier to reduce to purchase price by 15% .Supplier agreed to it.Which value has been fulfilled by A? theory, EduRev gives you an ample number of questions to practice A and B are partners.A was authorised to buy goods for the firm.A placed an order of Rs.10 00 000 with a supplier who offered 15% commission to A.A declined to receive commission and request the supplier to reduce to purchase price by 15% .Supplier agreed to it.Which value has been fulfilled by A? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev