Which of the Following Efficiency Objectives Did CBI Choose for Its

question 24

Multiple Choice

Which of the following efficiency objectives did CBI choose for its new procurement process?

• A) reducing the cost of procuring supplies
• B) larger finished goods inventory
• C) larger inventory of raw materials
• D) fewer errors in obtaining a three-way match

---

Definitions:

Responsibilities

Duties or obligations that an individual or organization is required or expected to perform.

Decentralization

The distribution of decision-making powers and operational activities away from a central authoritative location or group.

Advantage

A condition or circumstance that puts one in a favorable or superior position.

Cost Driver

A cost driver is a factor that causes a change in the cost of an activity, influencing the cost of production and operation in both direct and indirect cost management.