When the AIS Provides Information in a Timely and Accurate

question 87

Multiple Choice

When the AIS provides information in a timely and accurate manner,it stands as an example of

• A)improved decision making.
• B)improving the quality and reducing the costs of products or services.
• C)improving efficiency.
• D)all of the above

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Definitions:

Procurement Organization

An entity or department within a company responsible for acquiring goods, services, and contracts to meet the needs of its operations.

RFQs

Requests For Quotations, documents issued by a buyer to suppliers, asking them to provide a price quote for a specified product or service.

New Vendors

Recently established suppliers or companies that provide goods or services to consumers or businesses.

Punch List

A document listing work that does not conform to contract specifications, needing to be completed or corrected before final payment.