One Important Objective of Purchasing Is To

question 1

Multiple Choice

One important objective of purchasing is to:

• A) set quality standards for purchased items.
• B) be knowledgeable about new products.
• C) maintain numerous sources of supply.
• D) obtain the lowest prices on all purchased items.
• E) determine the processes that should be used.

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Definitions:

Modem

A hardware device that converts data between digital formats used by computers and analog signals used on telephone lines, enabling internet connectivity.

Network

A system of interconnected computers, devices, and technologies designed to communicate and exchange data.

Hub

A central point of connection in a network that redistributes data to various destinations.

Cloud Computing

The delivery of different services, including servers, storage, databases, networking, software, analytics, and intelligence, over the Internet to offer faster innovation, flexible resources, and economies of scale.