Examlex
Which of the following is NOT one of The Chartered Institute of Procurement and Supply's (CIPS) five rights?
Qualitative Terms
These are descriptive, non-numerical characteristics or attributes used to assess aspects of operations, strategies, or market conditions.
Quantitative Terms
Relates to, measuring, or measured by the quantity of something rather than its quality.
Opportunity Cost
The cost of missing out on the next best alternative when making a decision or choice.
Inflation
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.