Managing Purchasing Is an Example of A(n)

question 55

Multiple Choice

Managing purchasing is an example of a(n) :

• A) Accounting Business Process
• B) Finance Business Process
• C) Marketing Business Process
• D) Production Business Process
• E) Management Information Systems Business Process

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Definitions:

Reducing Cost

Measures taken to decrease the costs associated with the production or delivery of goods and services.

Modernization

The process of adopting the latest technology, organizational practices, or societal norms, aiming at improving efficiency and effectiveness.

Declining Death Rates

A decrease in the number of deaths over a particular period of time, often leading to population growth.

Efficient Use

The optimization of resource utilization to achieve the maximum possible output or benefit with the least waste or expense.