______ and _______ Are Key Dimensions for the Sourcing Function

question 17

Multiple Choice

______ and _______ are key dimensions for the sourcing function to consider when evaluating an outsourcing or off-shoring strategy:

• A) Cost and channels
• B) Innovative and functional
• C) Standardization and customization
• D) Scope and criticality
• E) None of the above

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Definitions:

Standard of Care

The degree of attention, caution, and prudence that a reasonable person in a particular situation would reasonably be expected to exercise.

Auditing Standards

The set of guidelines and criteria established for auditors to follow when conducting financial audits.

Good Faith

An honest intention to act without taking an unfair advantage over another party usually within a contractual context.

Suspicious Financial Dealings

Transactions that raise concerns about legality, often indicating potential fraud or money laundering.