Which of the Following Characteristics Is a Quadrant in the Purchasing

question 20

Multiple Choice

Which of the following characteristics is a quadrant in the purchasing portfolio approach (Kraljic Portfolio) ? 

• A) Bottleneck products. 
• B) New Products. 
• C) Solid products. 
• D) Liquid products.

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Definitions:

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory value based on the average cost of all items available for sale during the period.

Equivalent Unit

A concept in cost accounting used to allocate costs to partially completed goods, equating them to an amount of finished goods.

Fabricating Department

A section within a manufacturing facility where raw materials are transformed into components or products through various processes like cutting, assembling, or molding.

Weighted Average Method

An inventory valuation method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all items available for sale.