Which of the Following Is Not a Key Area of Measuring

question 59

Multiple Choice

Which of the following is not a key area of measuring purchasing performance? 

• A) The goals and objectives of the purchasing function. 
• B) The right material, in the right quantity, from the right supplier, at the right time, at the right place and at the right place. 
• C) The savings made against budget allocation. 
• D) Fostering strong and favourable supplier relationships.

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Definitions:

Opportunity Cost

The financial sacrifice of skipping the subsequent best choice when a decision is made.

Coconuts

Coconuts are the large seeds of the coconut palm tree, known for their edible flesh, water, and oil, which are used in a variety of culinary, cosmetic, and industrial products.

Fish

Aquatic, vertebrate animals with gills and fins, living in water bodies around the world, used for food, sports, or as pets.

Production Possibility Frontier

A figure displaying every possible maximum production scenario for two different goods, with fixed inputs such as resources and other variables.