In Many Nonprofit Situations,the Consumer Is Not Charged a Tangible

question 164

Multiple Choice

In many nonprofit situations,the consumer is not charged a tangible price yet must absorb time costs,embarrassment costs,or effort costs.These costs are called the organization's:

• A) liquidity fees
• B) financial costs
• C) fiscal prices
• D) nonfinancial prices
• E) retained earnings

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Definitions:

Supplier Scoring

A method used to evaluate and rank suppliers based on various performance metrics to ensure quality and reliability in procurement.

Supplier Selection

The process of evaluating and choosing suppliers based on criteria such as price, quality, delivery time, and service, ensuring the best compatibility and value for the purchasing organization.

Supplier Scoring

A method used to rate and evaluate the performance of suppliers based on various criteria such as delivery time, quality, and cost.

Procurement

The process of finding and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.