Statement: Tender specification will not be issued to the firms where there is 25% or more default in supplies against earlier purchase orders placed on them - Condition of a Company X inviting tenders for the purchase of material.Assumptions:The Company X will be watching the quality of performance of its suppliers.This time the firms should keep the percentage of default as less as possible.The Company X expects quality and professional approach from its suppliers.

Statement: Tender specification will not be issued to the firms where there is 25% or more default in supplies against earlier purchase orders placed on them - Condition of a Company X inviting tenders for the purchase of material.
Assumptions:
The Company X will be watching the quality of performance of its suppliers.
This time the firms should keep the percentage of default as less as possible.
The Company X expects quality and professional approach from its suppliers.

Only I is implicit

Only II is implicit

Either II or III is implicit

None of these

Explanation:

Answer: Option D
Explanation:
Since Company X intends to invite tenders only from those companies which have not been defaulters earlier, so both I and III are implicit. Besides, to have long term business relations with Company X, every firm needs to perform well in its supplies. So, II is also implicit.