A Primary Feature of Automated Control in the Acquisition Cycle

question 4

Multiple Choice

A primary feature of automated control in the acquisition cycle includes which of the following?

• A) That authorization is no longer required.
• B) Limits as to the number of items that can be received by the warehouse.
• C) Calculated order quantities based on set criteria.
• D) Funds transfer at the request of the controller.

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Definitions:

Productivity

The measure of how efficiently goods and services are produced, often evaluated as the output per unit of input, such as labor or capital.

Living Standards

The amount of prosperity, comfortability, tangible assets, and essentials afforded to a distinct socioeconomic bracket or area.

Real Economic Growth

An increase in the economic output of a country adjusted for changes in the price level (inflation), indicating an expansion in the economy over time.

Technological Growth

The process of innovation and introduction of new technologies and methods, which improves efficiency and productivity.