Which of the Following Statements Is FALSE

question 38

Multiple Choice

Which of the following statements is FALSE?

• A)More than 50% of each sales dollar typically goes towards covering supply chain costs
• B)Decentralized purchasing means not having any purchasing departments and allowing all employees to act as purchasing agents
• C)Electronic procurement systems can aid a company in saving both time and money
• D)If a firm lacks the technology to make a required component they will need to consider buying/outsourcing.

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Definitions:

Commercial Unit

A single whole for the purpose of sale, the division of which impairs its character or value on the market, such as a set of furniture.

Division

The act of separating something into parts or the process of being separated.

Value

The importance, worth, or usefulness of something, often determined by personal beliefs, market forces, or cultural norms.

Express Warranty

An oral or written statement, promise, or other representation about the quality of a product.