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1. The ethical standards for library acquisitions should be reviewed and understood by all library personnel associated with purchasing any type of materials, supplies or equipment in libraries regardless of the size of the library or the amount of money involved. 2. Purchasing all library materials from only one vendor might have which of the following drawbacks: a. Need to limit all selections to items supplied by this vendor b. Delaying the receipt of materials needed immediately c. Sending a message to the vendor that any level of performance is fine d. Eliminating healthy competition in the marketplace |
3. Once a vendor is selected and used by the library there is no need to evaluate their performance unless things go terribly wrong. 4. The term “encumbered funds” means: a. The city/country will not let you pay bills immediately from your funds b. You have ordered items of a certain value but the invoice has not arrived nor been paid c. Funds already paid out to supplies |