A Major Cost in the Purchasing Function Is the Number

question 83

Multiple Choice

A major cost in the purchasing function is the number of purchase orders processed.One technique that may reduce purchasing-related expenses is to have suppliers compete with each other to meet demand at the lowest price.The name of this technique is

• A)an EDI auction.
• B)a trading exchange.
• C)a reverse auction.
• D)a supplier consortium.

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Definitions:

Cognitive-Behavioral

Pertaining to a therapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented process.

Masters and Johnson

A research team known for their work in the field of human sexuality, particularly sexual response and disorders.

Sexual Function Difficulties

Problems experienced by individuals in any phase of the sexual response cycle, including desire, arousal, orgasm, and resolution, that can affect sexual satisfaction and health.

Cognitive-Behavioral Therapist

A mental health professional specializing in cognitive-behavioral therapy, a treatment that focuses on changing negative thought patterns and behaviors.