Which of the Following Are Ambitious Strategic Priorities Being Pursued

question 3

Multiple Choice

Which of the following are ambitious strategic priorities being pursued by many chief procurement officers?

• A)Becoming business partners,not just buyers.
• B)Developing fewer and deeper relationships with strategic suppliers.
• C)Emphasizing more than just price,including a focus on business outcomes,total cost of ownership,and the development of long-term value creation.
• D)All of the above.
• E)Only (a)and (c).

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Definitions:

Payor Bank

A bank that is responsible for paying the check or draft drawn on the funds deposited in an account.

Unauthorized Signatures

Signatures made without the proper permission or authority, potentially voiding or bringing into question the validity of the document signed.

Alterations

Changes or modifications made to documents, clothing, property, or other objects, often requiring consent or agreement when concerning legal or contractual matters.

Oral Stop Payment Order

A verbal instruction given to a bank requesting that payment on a check or other financial instrument be stopped.