E-Procurement

question 91

Multiple Choice

E-procurement

• A) works best in long-term contract situations, and is not suited for auctions
• B) is the same thing as Internet purchasing
• C) represents only the auction and bidding components of Internet purchasing
• D) is illegal in all states except Nevada and New Jersey
• E) All of the above are true of e-procurement.

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Definitions:

Type I Error

Occurs when a true null hypothesis is incorrectly rejected, often referred to as a "false positive."

Level of Significance

A statistical measure that indicates how likely it is that the results observed in your data occurred by chance.

Null Hypothesis

The null hypothesis is a default hypothesis that there is no significant difference or relationship between specified populations, any observed difference being due to sampling or experimental error.

Null Hypothesis

A statistical hypothesis that proposes there is no significant difference or effect.