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E-Procurement Is the Use of Information Technology to Automate Significant

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E-procurement is the use of information technology to automate significant portions of the procurement process.


Definitions:

Standard Deviation

A statistical measure that quantifies the amount of variability or dispersion of a set of data values around the mean (average).

Risk-Free Asset

A financial instrument that is considered to have no risk of financial loss and typically features a guaranteed rate of return, such as government bonds.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, showing how much each value in the set differs from the mean.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, commonly used in statistics to quantify the degree to which values differ from the average value.

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