There Are Four Steps in the Managing Sourcing and Procurement

question 32

Multiple Choice

There are four steps in the Managing Sourcing and Procurement Processes. Which of the following is not one of them?

• A) Determine the type of purchase
• B) Determine the necessary levels of investment
• C) Evaluate the effectiveness of the strategic sourcing process
• D) Examine off shore and e-procurement suppliers

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Definitions:

National Insurance

A system of compulsory payments made by employees and employers to fund various types of state benefits and healthcare.

Easements

Rights granted to use the property of another for a specific purpose, such as right of way.

Fixtures

Items that are originally personal property but become real property when attached in a permanent manner to land or a building.

Lost Property

Property that is found where it appears to have been left unintentionally, such as items lost by their rightful owner.