Which of the Following Better Explains 'Procurement

question 34

Multiple Choice

Which of the following better explains 'Procurement'? 

• A) A focus on price versus functionality. 
• B) A focus on the total cost of ownership (TCO). 
• C) Its orientation is commercial. 
• D) its scope is the purchasing process.

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Definitions:

Socialization

The process by which people adapt to an organization through learning and accepting the values, norms, and beliefs held by others in the organization.

Needs Assessment

A diagnosis that presents problems and future challenges that can be met through training or development.

Training Program

A structured educational program designed to improve the knowledge, skills, and abilities of employees to better perform specific jobs.

Needs Assessment

A systematic process for determining and addressing needs, or gaps between current conditions and desired conditions or wants.