Which of the Following Statements Is False

question 71

Multiple Choice

Which of the following statements is false?

• A) supplier selection and evaluation generally involves multiple criteria
• B) the evolution of business practices and philosophies may require new supplier selection criteria
• C) selecting suppliers is the final step of the supplier selection and evaluation process
• D) some supplier selection criteria may be contradictory

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Definitions:

Other Income

Revenue generated from activities that are not part of a company's primary business operations, including interest, dividends, and gains from asset sales.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period.

Separating Responsibilities

A risk management technique that involves dividing tasks and authorities among different individuals or groups to reduce the risk of error or fraud.

Control Procedure

Specific actions or steps taken to achieve desired outcomes in managing risks, ensuring accurate reporting, and complying with policies and regulations.