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.

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Definitions:

French law

refers to the legal system established in France, which includes civil law traditions, statutory laws, and regulations governing various aspects of life and business in the country.

Industry level agreements

Collective bargaining agreements negotiated at the industry or sector level, affecting all workers and employers within that industry.

Employer association

An organization of employers united to promote their collective business interests and negotiate with unions.

Industry-wide bargaining

Collective bargaining negotiations that occur at the industry level, covering all employers and employees within that industry.