Which of the Following Statements Is FALSE

question 36

Multiple Choice

Which of the following statements is FALSE?

• A) Centralized purchasing is where individual, local purchasing departments, such as at the plant level, make their own purchasing decisions.
• B) Electronic procurement systems can aid a company in saving both time and money.
• C) More than 50% of each sales dollar typically goes towards covering supply chain costs.
• D) If a firm lacks the technology to make a required component they will need to consider buying/outsourcing.

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Definitions:

Probing

The act of asking questions to gather more detailed information or clarify understanding.

Communication Process

The exchange of information, ideas, or feelings between two or more people through verbal, non-verbal, written, or electronic means, involving a sender, message, and receiver.

KISS Rule

A design principle that stands for "Keep It Simple, Stupid," suggesting that systems and models function best if they are kept simple rather than made complicated.

ADAPT Rule

An acronym in sales that stands for Assess, Discover, Acknowledge, Propose, and Tie-It-Up, used to guide interactions with prospects and clients.