Improving the Efficiency and Effectiveness of the Process for Small

question 15

Multiple Choice

Improving the efficiency and effectiveness of the process for small value orders can be achieved through:

• A)vendor/supplier managed inventory systems.
• B)the use of purchasing cards.
• C)eliminating all small value orders completely.
• D)vendor/supplier managed inventory systems and the use of purchasing cards.
• E)vendor/supplier managed inventory systems,the use of purchasing cards,and eliminating all small value orders completely.

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Definitions:

Positive Profits

A situation where a business or individual earns more money than expended, indicating financial success and sustainability.

Long Run

The long run is a period in economics sufficient for all markets to reach equilibrium, where all inputs can be considered variable, and companies can adjust all costs.

Pollution Free

An attribute of products, services, or practices that do not release harmful contaminants into the environment.

Clean Town

An initiative or effort to maintain a town or city in an environmentally friendly and litter-free condition.