Which of the Following Best Explains 'Centralized Purchasing Structure

question 36

Multiple Choice

Which of the following best explains 'centralized purchasing structure'? 

• A) All managers can make purchasing decisions. 
• B) There is a central purchasing department where corporate contracting specialists operate at the tactical level. 
• C) There is a central purchasing department where corporate contracting specialists operate at the strategic level. 
• D) There is a central purchasing department where corporate contracting specialists operate at the strategic and tactical level.

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Definitions:

Parallel Components

Components that are designed to work alongside each other within a system, often to increase redundancy and reliability.

Cost Curves

Graphical representations that show how the cost of producing a good or service changes with changes in the production volume.

Full Cost

The total amount of expenses incurred to produce a good or service, including direct, indirect, fixed, and variable costs.

Expert Systems

Computer programs that mimic the decision-making abilities of a human expert in a specific domain, utilizing a set of rules.