Benefits Derived from Implementing E-Procurement Systems Include All of the Following

question 42

Multiple Choice

Benefits derived from implementing e-procurement systems include all of the following EXCEPT:

• A)Allows buyers to submit bids and suppliers to respond to those bids in real time
• B)Increases the accuracy in communication between buyers and suppliers
• C)Creates numerous additional job opportunities in the purchasing department
• D)Tracking bids and transactions is easier and faster

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Definitions:

Scanlon Plan

A participative management approach that focuses on improving productivity and sharing the resulting cost savings with employees.

Collective Stock Options

A form of employee incentive where groups of workers are granted options to buy company stock at a discounted price.

Profit-Sharing Plan

A company program that gives employees a share in the company’s profits based on its quarterly or annual earnings, serving as a tool to motivate and reward employees.

Employee Stock Ownership Plan

A program that provides a company's workforce with an ownership interest in the company through the acquisition of stocks.