Which of the Following Are Examples of Instance-Level Information Relevant

question 15

Multiple Choice

Which of the following are examples of instance-level information relevant to the procurement process?

• A) When did the customer receive the goods?
• B) Was the invoice paid? If so, when?
• C) Which suppliers are prompt and which ones are habitually late in delivering the materials ordered?
• D) What was the total of the invoice?
• E) How long did it take to receive the shipment after creating a purchase order?

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Definitions:

Investment Turnover

A financial ratio that measures how effectively a company uses its assets to generate sales revenue; a higher turnover indicates better performance.

Profit Margin

The ratio of net income to revenue, indicating how much profit is generated per dollar of sales.

Return on Investment

A financial metric used to assess the profitability or efficiency of an investment, calculated by dividing the benefit (return) of an investment by the cost of the investment.

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, showcasing the profitability of a company or product.