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.

---

Definitions:

Control Box

An element of a user interface that houses controls like buttons, toggles, or menus used to interact with software or hardware.

Record Selectors

User interface elements or controls in database applications that allow users to select or highlight specific records from a list or table view.

Record Source

The specific data set or database table that provides the records for data operations, such as forms or reports in a software application.

Blank Form

An unmarked and empty template or document that can be filled out with information, often used in surveys, applications, and registrations.