Which of the Following Processes Is Used to Professionalize Purchasing

question 25

Multiple Choice

Which of the following processes is used to professionalize purchasing for purchasing excellence? 

• A) Supervisory management processes. 
• B) Operational management processes. 
• C) Tactical management processes. 
• D) Enabling process.

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Definitions:

Floating Rate

An interest rate that fluctuates over time with the market or an index.

Fixed Rate

An interest rate that remains unchanged throughout the entire term of the loan, mortgage, or bond.

Derivative Security

A financial security whose value is dependent upon or derived from one or more underlying assets.

Hedging

Reducing a firm’s exposure to price or rate fluctuations. Also immunization.