______________ 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

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Definitions:

Pleasure Marriage

A temporary marriage contract, recognized in some cultures or religions, primarily aimed at legalizing sexual relations for a determined period.

Premarital Contract

An agreement between individuals planning to marry that outlines the management of their assets and financial matters upon marriage.

Informal Contract

A contract that requires no formalities. Also called simple contract.

Formal Contract

A contract that must have a special form or must be created in a specific manner.