Moving into E-Procurement Has Many Benefits

question 125

Multiple Choice

Moving into e-procurement has many benefits.Which of the following would not be among those benefits

• A) Aggregating purchasing across departments gains larger volume discounts.
• B) Aggregating purchasing gains centrally negotiated volume discounts.
• C) There is less buying of substandard goods from suppliers not on the approved list.
• D) A smaller purchasing staff is required.
• E) Purchasing gains a significant leverage with top management because of its management team.

Understand the dynamics of cultural change through events like acculturation and ethnocide.

Appreciate the significance of negotiations and the role of community in dispute resolutions.

Recognize different perspectives on justice and societal responses to offenses.

Comprehend the impact of cultural beliefs and worldviews on societal organization and conflict.

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Definitions:

Pert Chart

A project management tool that outlines the tasks involved in a project, their sequence, and the time required for each, facilitating the identification of the critical path for project completion.

Market Development

The process of expanding into new markets or segments to increase the reach and sales potential of a company's products or services.

Product Development

The process of creating or improving a product or service, from initial concept through market release and beyond.

Diversification

A risk management strategy that involves adding variety to a portfolio to spread out exposure and reduce the impact of volatility.