Which of the Following Best Explains a 'Routine Buy

question 33

Multiple Choice

Which of the following best explains a 'Routine buy'? 

• A) A known product from a known supplier. 
• B) A known product from an unknown supplier. 
• C) A new product from a known supplier. 
• D) A new product from an unknown supplier.

Understand the definition and the different forms of controlling in organizations.

Recognize the flexibility and interpretation of organizational rules.

Identify the approaches supervisors take to address process and behavioral problems.

Understand the significance of performance standards and their relationship with variances.

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Definitions:

Physiological Need

A basic bodily requirement that people need to survive, such as food, water, and shelter.

Maslow Hierarchy

A theory of human motivation depicted as a pyramid, with basic needs at the base ascending to self-actualization needs at the top.

Level Of Needs

The ranked priorities of needs that individuals strive to fulfill, often depicted in a hierarchical order, such as Maslow's hierarchy of needs.

Maslow Hierarchy

A theory in psychology proposed by Abraham Maslow, categorizing human needs into a five-tier model, from basic (physiological) to higher needs (self-actualization).