Which One of the Following Statements About Purchasing Is True

question 65

Multiple Choice

Which one of the following statements about purchasing is true?

• A) The cost of purchases as a percent of sales is often small.
• B) Purchasing provides a major opportunity for price increases.
• C) Purchasing is always more efficient than making an item.
• D) Purchasing has an impact on the quality of the goods and services sold.
• E) Competitive bidding is a major factor in long-term cost reductions.

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Definitions:

Jungian Theory

A psychological framework that emphasizes the collective unconscious, archetypes, and individuation as key components of the human psyche.

Evidence

Information or facts that are used to support or refute a claim, argument, or hypothesis in various contexts, including law, science, and everyday life.

Attitude

A psychological construct representing an individual's degree of like or dislike, favor or disfavor, towards an object, person, thing, or event.

Jungian Theory

A psychological framework by Carl Jung that emphasizes the collective unconscious, archetypes, and personal individuation to understand the human psyche.