Which of the Following Best Explains 'Purchasing Efficiency

question 46

Multiple Choice

Which of the following best explains 'purchasing efficiency'? 

• A) The extent to which, by choosing a certain course of action, a previously established goal or standard is met. 
• B) This refers to the relationship between planned and actual costs. 
• C) The savings made against budget allocation. 
• D) The longer term consequences of the activity.