Firms Can Expect That Proper Use of a Valid Vendor

question 92

Multiple Choice

Firms can expect that proper use of a valid vendor file will result in all of the following benefits except

• A) purchasing agents will be discouraged from improperly ordering inventory from related parties
• B) purchases from fictitious vendors will be detected
• C) the most competitive price will be obtained
• D) the risk of purchasing agents receiving kickbacks and bribes will be reduced

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Definitions:

Degrees of Freedom

The number of autonomous values or metrics assignable to a statistical distribution.

Standard Error

Standard error measures the dispersion or precision of a sample statistic, such as the mean, in estimating a population parameter.

Independent Variables

Factors in a study or simulation that are altered or categorized to examine their impact on outcome variables.

Multiple Regression Model

A mathematical method that employs multiple explanatory factors to forecast the result of a dependent variable.