Cost Management Tools and Techniques That May Provide Data for Negotiations

question 5

Multiple Choice

Cost management tools and techniques that may provide data for negotiations with internal organizational stakeholders and/or externally with suppliers include:

• A)activity-based costing.
• B)the learning curve.
• C)total cost of ownership.
• D)activity-based costing and total cost of ownership.
• E)activity-based costing,the learning curve and total cost of ownership.

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Definitions:

Emotional Intelligence

The capability to recognize, understand, manage, and utilize one's own emotions and those of others in positive ways to relieve stress, communicate effectively, empathize with others, overcome challenges and defuse conflict.

Street Smarts

Practical knowledge and experience on how to handle personal and situational challenges in urban environments.

G Factor

A general intelligence factor believed to underlie specific mental abilities and talents across individuals.

Emotional Intelligence

The skill to comprehend, utilize, and control one's emotions constructively to mitigate stress, communicate successfully, connect empathetically with others, and conquer obstacles.