The Identification,evaluation,selection,and Management of Suppliers Is

question 55

Multiple Choice

The identification,evaluation,selection,and management of suppliers is:

• A)Sourcing.
• B)Supply management.
• C)Supply chain management.
• D)Spend analysis.

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Definitions:

Planned Obsolescence

A policy of producing consumer goods that rapidly become obsolete and so require replacing, driven by design or functional limitations.

Stability of Capitalism

The ability of the capitalist economic system to maintain itself and avoid major crises through adaptations and reforms.

Instability of Communism

The susceptibility of communist regimes or systems to experience political, economic, or social disorder, often due to internal challenges or inefficiencies.

Lumpen-Proletariat

A term used by Karl Marx to describe the layer of the working class that is unlikely to achieve class consciousness, due to their marginalization.