Which of the Following Is Not a Cost Ratio Plan

question 21

Multiple Choice

Which of the following is not a cost ratio plan step?

• A) Additional costs incurred when doing business with a given supplier are identified
• B) Costs are separated by quality, service, and price elements of supplier performance
• C) Each cost is converted to a "cost ratio"
• D) The highest individual cost ratio is then used to adjust the supplier's price
• E) Adjusted prices are then used in supplier evaluation

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Definitions:

Megacity

A metropolitan area with a total population in excess of ten million people.

Demographers

Experts who study the statistical characteristics of human populations, such as births, deaths, ages, and migrations, to understand trends and predict future shifts.

Net Migration Rates

A statistic that calculates the difference between the number of individuals entering a country (immigrants) and leaving a country (emigrants) per 1,000 inhabitants in a given year.

Migration

The movement of people from one place to another with the intention of settling temporarily or permanently in the new location.