Tiffany Is the Purchasing Manager for Electronic Components That Are

question 50

Multiple Choice

Tiffany is the purchasing manager for electronic components that are kept in inventory for a large electrical contracting company.Tiffany sources most of these items from Fastenal and is thrilled with their ability to help her maintain the appropriate level of inventory for the various items.Fastenal has a computer system to assist Tiffany with her forecasting and can identify items that are "slow moving" or "fast moving"meaning that there are some items that are used more frequently than others.Fastenal has also helped Tiffany to identify the inventory levels when reorders should be placed so that she's never out-of-stock in any items.Which stage of the purchasing process is Fastenal providing assistance?

• A)​select an order routine
• B)​obtain feedback and evaluate performance
• C)​evaluate proposals and select suppliers
• D)​describe characteristics and the quantity of a needed good or service

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, and ensuring the stability of the financial system.

Government Bonds

Debt securities issued by a government to finance its spending, offering a way for investors to lend money to the government in exchange for interest payments.

Price Level

The price level is a measure of the average prices of goods and services in an economy at a given time, often used to evaluate inflation or deflation.

Money Supply Growth

Refers to the rate at which the amount of money in circulation within an economy increases over a specific period of time.