Benefits of E-Procurement Include All of the Following Except

question 30

Multiple Choice

Benefits of e-procurement include all of the following except

• A)lower prices.
• B)faster delivery.
• C)fewer transactions.
• D)reduced labor.

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Definitions:

Ounces

A unit of weight commonly used in the United States and the United Kingdom, equal to one-sixteenth of a pound.

Labor

The human effort, both physical and intellectual, used in the creation of goods and services.

Labor Rate Variance

The difference between the actual labor costs and the standard labor costs expected for the actual production achieved.

Hours

A measurement of time used to quantify the duration of work performed or the operational time of machinery or businesses.