Which One of the Following Statements About Purchasing Is True

question 65

Multiple Choice

Which one of the following statements about purchasing is true?

• A) The cost of purchases as a percent of sales is often small.
• B) Purchasing provides a major opportunity for price increases.
• C) Purchasing is always more efficient than making an item.
• D) Purchasing has an impact on the quality of the goods and services sold.
• E) Competitive bidding is a major factor in long-term cost reductions.

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Definitions:

Omega 3 Oils

Fatty acids found in certain fish and plant oils that are important for cardiovascular health, brain function, and reducing inflammation.

Fatigue

A state of extreme tiredness or exhaustion, often resulting from mental or physical exertion or illness.

Difficulty Concentrating

Refers to an individual's inability to maintain focus on a task or thought, often leading to decreased performance and stress.

Chronic Confusion

A long-term state of mental disorientation or inability to concentrate, which can significantly affect daily functioning and quality of life.