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.

Understand the elements and purposes of the datum-target symbol.

Identify the symbols for points, lines, and areas on datum features.

Grasp the function and display of dimensions locating target areas.

Recognize conditions where portions of a feature can serve as datum features.

---

Definitions:

Hunger

The discomfort, illness, or weakness caused by a lack of food, which may lead to malnutrition or starvation.

Farmers

Individuals or entities engaged in the practice of agriculture, cultivating land and raising crops or livestock for consumption or sale.

1990s

The decade spanning from January 1, 1990, to December 31, 1999, characterized by significant technological advancements and global political changes.

Oil Prices

The cost per barrel of crude oil, which fluctuates based on global supply and demand dynamics, geopolitical factors, and market speculation.