Evaluation Criteria Used to Rate Proposals and Other Supplier Characteristics

question 37

Multiple Choice

Evaluation criteria used to rate proposals and other supplier characteristics might include all of these EXCEPT:​ 

• A) supply quality 
• B) personal relationships with senior management 
• C) inbound transportation cost 
• D) replenishment lead time

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard cost allocated, based on the actual amount of the allocation base used.

Supplies

Materials and items used in the daily operations of a business that do not directly become part of the final product.

Flexible Budget

A budget that modifies based on fluctuations in activity levels or volume.

Output

The quantity of goods or services produced in a given time period by a company, individual, or machine.