GE Operates a Company Trading Site on Which It Posts

question 97

Multiple Choice

GE operates a company trading site on which it posts its buying needs and invites bids,negotiates terms,and places orders.GE is utilizing a(n) _______________ .

• A) intranet system
• B) vendor-managed inventory system
• C) E-procurement system
• D) trading exchange
• E) router

Recognize the importance of individual and organizational learning for achieving competitive advantage.

Identify the principles and impact of corporate social responsibility and affirmative action on organizational culture and practices.

Describe the characteristics of a multicultural organization and the benefits it brings.

Differentiate between knowledge workers and other types of employees, and understand their role in organizational success.

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Definitions:

Legitimate Power

A form of authority derived from a position of responsibility within an organizational hierarchy.

Expert Power

The influence one holds over others as a result of specialized knowledge, skills, or expertise.

Other-oriented Strategies

Approaches centered on understanding and addressing the needs, feelings, or interests of others.

Collaboration

Working jointly with others to achieve a common goal or complete a task.