______________ Refers to Procurement Methods That Make Use of an Electronic

question 20

Multiple Choice

______________ refers to procurement methods that make use of an electronic venue for identifying,evaluating,selecting,negotiating and collaborating with suppliers.The primary methods are online auctions,RFQ (request for quote) processing,and private exchanges.

• A)E-sourcing
• B)E-retailing
• C)EDI
• D)EFT

---

Definitions:

Trompenaars

Refers to Fons Trompenaars, a Dutch organizational theorist, known for his work on cross-cultural communication and management.

Power Distance

The extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

GLOBE Studies

A research project exploring how cultural variables affect leadership behavior, organizational practices, and the effectiveness of leadership styles across different cultures.

Cultural Norms

The shared expectations and rules that guide behavior of people within social groups.