The Goal of Spend Analysis Is to Determine What Goods

question 38

True/False

The goal of spend analysis is to determine what goods and services are purchased, what suppliers they are purchased from, and where the demand for the items originates in the organization.

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Definitions:

Conventional

Based on or in accordance with what is generally done or believed; traditional and lacking in spontaneity or individuality.

Acculturation

The degree to which people from a certain cultural group display the beliefs and practices of that group.

Social Skills

Abilities that facilitate interaction and communication with others in cooperative, productive, and positive ways.

Resilience

The capacity of individuals to recover quickly from difficulties or adapt effectively to challenges and adversity.