_____ Is the Process of Determining the Appropriate Number and Mix

question 40

Multiple Choice

_____ is the process of determining the appropriate number and mix of suppliers to maintain.

• A)Make-buy analysis
• B)Competitive bidding
• C)Supply base optimization
• D)Portfolio analysis
• E)Price analysis

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Definitions:

Motivate Employees

Strategies and practices employed to encourage staff to perform their best and remain engaged with their work.

Ethical Implications

Considerations related to the morality of actions or decisions, especially regarding their impact on people and the environment.

Defined Contribution Plans

Retirement plans where the amount contributed to the plan is defined, but the payout at retirement is based on investment performance.

Defined Benefit Plan

A type of pension plan where an employer guarantees a specific retirement benefit amount to employees based on salary history and years of service.