The Management of the Firm's External Resources Through Identification and Selection

question 37

Multiple Choice

The management of the firm's external resources through identification and selection of suppliers,management of supplier relationships,and monitoring and rewarding supplier performance in an effort to support the long-term goals of the organization is called:

• A)Buyer-supplier integration
• B)Acceptance sampling
• C)Procurement rationalization
• D)Strategic sourcing

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Definitions:

Polychlorinated Organic

Organic compounds that contain multiple chlorine atoms covalently bonded within their molecules.

DDT

Dichlorodiphenyltrichloroethane, a synthetic pesticide known for its efficacy and environmental persistence, now banned in many countries due to its ecological impact.

Proteasome Inhibitor

A type of drug that blocks the proteasome, a complex that degrades unwanted proteins within cells, used in cancer therapy.

Vicinal

describes atoms or functional groups located on adjacent carbon atoms within a molecule.