Identify Measurement Principles That Always Apply to Quantitative and Qualitative

question 13

Essay

Identify measurement principles that always apply to quantitative and qualitative approaches to asking people questions. Then identify differences between the two approaches in the style of asking questions.

Comprehend the process and importance of issuing RFQs and RFPs in procurement.

Learn the various aspects and considerations in outsourcing project work.

Understand the importance of qualification and performance history of suppliers for project success.

Grasp the significance of payment schedules and clauses in vendor and supplier contracts.

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Definitions:

Net Allowance

The remaining balance after adjustments are made for discounts, returns, or bad debts to the gross receivables or revenue.

Sales Discounts

A reduction in the price of goods or services sold, offered by the seller as an incentive for early payment or in bulk purchase scenarios.

Sales

The total revenue earned from the selling of goods or services, before any deductions are made.

Charge Customer

To bill a customer for goods or services provided, thereby creating an account receivable.