Which of the Following Is Not One of the Spending

question 51

Multiple Choice

Which of the following is not one of the spending reduction strategies used following a spend analysis?

• A)Consolidation of unrelated purchases.
• B)Consolidation of similar purchases.
• C)Reduction in the number of suppliers.
• D)Reduction of maverick spend.
• E)Increased use of more efficient contracting methods.

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Definitions:

Compatibility

The ability of two or more systems, devices, or components to work together without conflict.

Personal Lifestyles

Refer to an individual's way of living as reflected in their activities, interests, and opinions.

Laggard

An individual or group that is slow to adopt new technologies, innovations, or trends, often the last in a population to do so.

Diffusion of Innovation

A theory that explains how, why, and at what rate new ideas and technology spread through cultures and societies.