_____ Is the Process of Developing Insights into Stakeholder Requirements

question 37

Multiple Choice

_____ is the process of developing insights into stakeholder requirements, comparing these to external industry intelligence, supply base capabilities and operational risks, and developing a strategy to align internal requirements with external supply market conditions.

• A)Spend analysis
• B)Cost management
• C)Contract management
• D)Category management
• E)Procure-to-pay

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Definitions:

Receivable

Money owed to a company by its customers or clients for goods or services delivered or used but not yet paid for.

Direct Write-Off Method

An accounting method where uncollectable accounts receivable are directly written off against income at the time they are deemed irrecoverable.

Adjusting Entry

An Adjusting Entry is a journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period, ensuring that the financial statements reflect accurate and fair values.

Dishonored Note

A dishonored note is a promissory note that has not been paid by the maker at its maturity date.