Stages in the Procurement Cycle Include Each of the Following

question 53

Multiple Choice

Stages in the procurement cycle include each of the following except

• A)implementation.
• B)transaction.
• C)improvement.
• D)selection.

---

Definitions:

Factory System

The factory system is an industrial production method that uses machinery and a systematic approach to manufacturing goods, centralizing workers and machines in a single location.

Market Revolution

A dramatic change in the U.S. economy in the early 19th century, characterized by rapid industrialization, the expansion of internal markets, and the increase in transportation networks.

African-Americans

An ethnic or racial category in the USA comprised of individuals who have ancestral ties to any of the African black racial groups.