When Evaluating Suppliers,the Most Judgment Is Usually Required When Measuring

question 22

Multiple Choice

When evaluating suppliers,the most judgment is usually required when measuring performance for:

• A)quality.
• B)quantity.
• C)delivery.
• D)cost.
• E)service.

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Definitions:

Inventory Policy

A set of guidelines a company follows to determine the optimum levels of inventory to hold.

Direct Materials

Raw materials that are directly attributable and integral to the manufacturing of a product.

Ceramic Tile

A durable, hard surface tile made from clay that has been fired at high temperatures, used for covering floors, walls, or other surfaces.

Administrative Expense

Expenses related to the general operation of a business, including executive salaries, legal and professional fees, and office supplies.