When a Company Lists Items Such as Technical Specifications, Quantity

question 45

Multiple Choice

When a company lists items such as technical specifications, quantity needed, expected time of delivery, return policies and warranties, it is MOST likely engaged in which stage of the business procurement process?

• A) Proposal solicitation
• B) Supplier selection
• C) Order- routine specification
• D) General need description
• E) Product specification

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Definitions:

Workplace Values

The beliefs and norms that guide behavior and decisions within an organizational setting, shaping the culture and climate of the workplace.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

HPWP

High Performance Work Practices; strategies and approaches in human resource management designed to enhance organizational performance through efficient employee involvement and investment.

Intellectual Capital

The intangible assets of an organization, including human resources, organizational knowledge, and relationships, which contribute to the organization's competitive advantage.