A Major Cost in the Purchasing Function Is the Number

question 76

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.This 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:

Disruptive Mood Dysregulation Disorder

A psychiatric disorder characterized by severe recurrent temper outbursts that are grossly out of proportion in intensity or duration to the situation.

Persistent Irritability

A continuous or frequently recurring feeling of annoyance or frustration that can impact an individual's mood and interactions with others.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a major classification of mental disorders used by professionals in the U.S.

Self-Fulfilling

A prediction or expectation that indirectly or directly causes itself to become true.