Which of the Following Details Is(are)included in the Order Specification

question 81

Multiple Choice

Which of the following details is(are) included in the order specification stage of the B2B buying process?

• A) prices and delivery dates
• B) vendor performance assessment
• C) the RFP
• D) bids for supplying the required components or parts
• E) reasons for choosing a selected vendor

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Definitions:

Fiscal Year

A 12-month cycle utilized for the purposes of financial statements and planning budgets, not necessarily coinciding with the calendar year.

Standard Variances

Differences between planned or standard costs and actual costs in budgeting and accounting, used to monitor and control operational performance.

Principle of Exceptions

The principle of exceptions is a management concept focusing on identifying and dealing with cases that deviate from the normal operation or standards, thus streamlining processes and oversight.

Standard Costs

Predetermined costs for manufacturing or acquiring products, used as a benchmark to compare with actual production costs for budgeting and performance evaluation.