In Portfolio Analysis, the Goal When Purchasing Strategic Goods or Services

question 20

Multiple Choice

In portfolio analysis, the goal when purchasing strategic goods or services is to:

• A) assure quality at expected levels.
• B) assure continuous supply at lowest cost of ownership.
• C) minimize acquisition time and cost.
• D) minimize acquisition time and cost and price per unit.
• E) reduce or eliminate customization.

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Definitions:

Groupthink

A psychological phenomenon where a group prioritizes harmony and conformity over critical analysis, often leading to flawed decision-making.

Effective Work Groups

Teams that achieve high levels of performance and efficiency through well-coordinated collaboration and communication.

Objective Measures

Quantitative benchmarks or criteria used to assess performance or success, free from personal bias.

Worker Satisfaction

The level of contentment employees feel with their job and work environment, often influencing productivity and retention.