Which of the Following Is the Objective of Purchasing

question 50

Multiple Choice

Which of the following is the objective of purchasing?

• A) routinely replenish the stock
• B) ensure that required materials are available when they are needed, in the proper amounts, and at minimum cost
• C) select suppliers
• D) determine the facility's level of output
• E) control inventory and product quality

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Definitions:

US Demand

The total quantity of goods and services that consumers in the United States are willing and able to purchase at a given price level and time.

British Pounds

The official currency of the United Kingdom, symbolized as £.

Appreciation

An increase in the value of an asset over time.

Chinese Yuan

The official currency of the People's Republic of China, used in mainland China but not in its special administrative regions like Hong Kong.