Divide $330,000 \div 1,000$ A) 3,300
B) 33,000
C) 33
D) 330
E) 330,000

question 115

Multiple Choice

Divide. $330,000 \div 1,000$

• A) 3,300
• B) 33,000
• C) 33
• D) 330
• E) 330,000

---

Definitions:

Procurement

Procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.

Sourcing

The process of identifying, evaluating, and securing suppliers or sources for goods and services that a company needs to operate.

Supplier Selection Criteria

The set of standards or benchmarks used to evaluate and choose suppliers based on factors like quality, reliability, cost, and service.