Issues Related to the Purchasing Function, Such as Kickbacks, Bribes

question 57

Multiple Choice

Issues related to the purchasing function, such as kickbacks, bribes, conflicts of interest, and the like are often addressed by ____.

• A) job descriptions
• B) corporate codes of conduct
• C) computer security modules
• D) vendor master files

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Definitions:

Factor-Rating Method

A technique used in operations management and decision making that evaluates and compares various factors by assigning them scores.

Tangible Costs

Readily identifiable costs that can be measured with some precision.

Intangible Costs

A category of location costs that cannot be easily quantified, such as quality of life and government.

Competitiveness

The ability of a company, sector, or nation to offer products and services that meet the quality standards of the local and global markets at competitive prices.