When an Operations Manager Has Purchased Raw Material or Component

question 49

Multiple Choice

When an operations manager has purchased raw material or component parts on the Internet, he or she is engaging in which of the following?

• A) e-tailing
• B) Internet purchasing
• C) computer-assisted buying
• D) e-procurement

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Definitions:

Special Project

A temporary endeavor undertaken to create a unique product, service, or result, often with specific objectives and resources.

Open Market

A system where buyers and sellers trade freely with minimal governmental restrictions, typically in reference to securities or commodities markets.

Split-off

A point in the production process where multiple products are generated from a common input.

Avoidable Cost

A cost that can be eliminated if a particular business decision is made.