There Are Four Steps in the Managing Sourcing and Procurement

question 37

Multiple Choice

There are four steps in the Managing Sourcing and Procurement Processes.Which does not belong?

• A) Determine the type of purchase
• B) Determine the necessary levels of investment
• C) Evaluate the effectiveness of the strategic sourcing process
• D) Examine off shore and e-procurement suppliers

Understand the independence of trials in probability experiments.

Calculate the probability of an event based on conditional probabilities and historical data.

Apply probability concepts to practical examples involving experiments with multiple steps or stages.

Understand the political positions and platforms of key figures and parties during the Civil War era.

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Definitions:

Accrual-Basis Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is received or paid.

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recognized as a liability until the obligation is fulfilled.

Unearned Rent

is income received by a landlord for rent that has been paid in advance by a tenant but has not yet been earned.

Adjust Revenue

The act of modifying the reported amount of revenue to more accurately reflect the earnings of a period, following certain accounting principles and standards.