Which of the Following Is NOT a Typical Benefit of Centralized

question 30

Multiple Choice

Which of the following is NOT a typical benefit of centralized purchasing?

• A) leverage purchase volume for better pricing
• B) develop specialized staff expertise
• C) reduce the duplication of tasks
• D) reduce lead times
• E) promote standardization

Comprehend the implications of specialization and trade for global economies.

Grasp the benefits of free trade and the negative impacts of trade restrictions.

Recognize the factors determining whether a country exports or imports a particular good.

Understand the role of opportunity costs in determining comparative advantage.

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Definitions:

Incentive Pay Systems

Compensation methods designed to motivate employees by tying a portion of their earnings to specific performance metrics.

TQM

Total Quality Management; a business management strategy aimed at embedding awareness of quality in all organizational processes.

Survey Feedback

A method of organizational development involving the collection of employee opinions and attitudes, followed by sharing the results with them to initiate change.

Interpersonal Processes

The exchanges and interactions that occur between individuals in a social or professional context.