Which of the Following Is Not One of the Features

question 48

Multiple Choice

Which of the following is not one of the features of the ideal procurement organizational model in the twenty-first century?

• A) A flattened hierarchy for faster decision making and freer flow of ideas.
• B) Requirement of having cost accounting personnel present on all cross-functional teams.
• C) Increased use of center-led structures that enable consolidation of common purchases.
• D) Co-location of purchasing personnel with internal customers.
• E) Rotation of business managers across business units and functional groups.

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Definitions:

Consumption

Spending by households on goods and services, with the exception of purchases of new housing.

Money Balances

The total amount of money held by individuals or entities in the form of cash or bank deposits.

Wealth Redistribution

The transfer of income and wealth from some individuals to others by means of a social mechanism such as taxation, public services, or welfare.

Inflation

The pace at which overall costs for products and services increase, diminishing the buying power.