Benefits Derived from Implementing E-Procurement Systems Include All of the Following

question 42

Multiple Choice

Benefits derived from implementing e-procurement systems include all of the following EXCEPT:

• A)Allows buyers to submit bids and suppliers to respond to those bids in real time
• B)Increases the accuracy in communication between buyers and suppliers
• C)Creates numerous additional job opportunities in the purchasing department
• D)Tracking bids and transactions is easier and faster

---

Definitions:

Supplier-Induced Demand

Supplier-induced demand occurs when providers of a good or service influence consumers' demand for it, often seen in markets where providers have more information about the product than consumers.

Raising Deductibles

Increasing the amount that an insured individual must pay out of pocket before an insurance company pays a claim.

Health Care Costs

The expenses related to the provision and consumption of health care services.

Employer-Provided Health Insurance

Health insurance coverage offered to employees (and often their families) as part of an employee benefit package.