Routine Items Available from Many Different Sources Are Seldom Purchased

question 27

True/False

Routine items available from many different sources are seldom purchased through competitive bidding.

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Definitions:

Acceptable Value

The level of benefit or quality deemed satisfactory by a user or customer for a product or service.

Function

Represents the intended purpose or role that something is designed or expected to perform.

Supply Chain Risk

The potential loss resulting from variations in supply chain processes, which includes procurement, manufacturing, distribution, and logistics risks.

Reputational

Pertains to the perception or estimation in which an individual or entity is held by the public or a specific group, impacting its standing and potential success.