Supplier Scorecards Can Be Categorical,weighted Point,or Cost Based in Nature

question 61

True/False

Supplier scorecards can be categorical,weighted point,or cost based in nature.

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Definitions:

Operating Expenses

Costs associated with running a company’s day-to-day operations, such as salaries, rent, and utilities, but not including cost of goods sold.

Cost of Goods Sold

The immediate financial outlays associated with the creation of a company's sold products.

Net Sales

The amount of a company's gross sales minus returns, allowances, and discounts.

Operating Income

A measure of the profit a company generates from its operational activities, excluding revenues and expenses from non-operational activities.