In Portfolio Analysis,the Goal When Purchasing Noncritical or Routine Spend

question 3

Multiple Choice

In portfolio analysis,the goal when purchasing noncritical or routine spend is to:

• A)assure quality at expected levels.
• B)minimize price per unit.
• C)minimize acquisition time and cost.
• D)reduce or eliminate customization.
• E)assure continuous supply at lowest total cost of ownership.

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Definitions:

Sternberg

Refers to Robert Sternberg, an American psychologist known for his theory on intelligence, creativity, wisdom, and love.

Passion

A very strong emotion or a powerful interest in a specific activity, idea, or object that drives engagement and dedication.

Intimacy

A tight, intimate, and often warm and affectionate bond with another individual or group.

Conflict Management

The practice of recognizing and dealing with disputes in a rational, balanced and effective way.