The Entire Set of Business Processes Required to Purchase Goods

question 77

Multiple Choice

The entire set of business processes required to purchase goods and services is

• A)procurement.
• B)sourcing.
• C)supplier scoring and assessment.
• D)supplier selection.

---

Definitions:

Repudiated the Contract

The act of refusing to perform the duties or obligations set forth in a contract.

Withdrawn

Refers to the act of taking back or removing an offer, statement, or accusation before it has been accepted or acted upon.

Changes Mind

Changing mind refers to the act of altering one's decision or opinion about a previously made choice or stance.

Rejecting Delivery

The act of refusing to accept goods or delivery of goods, typically because they do not meet the terms of a contract or order.