Which of the Following Is a Benefit of an Organizational

question 45

Multiple Choice

Which of the following is a benefit of an organizational buyer involved in sole sourcing?

• A)It allows the organization to buy products and services from vendors that offer the lowest price.
• B)It allows the organization to seek competitive bids for the products obtained by sole sourcing.
• C)It allows the organization to turn modified rebuys into simpler straight rebuys.
• D)It allows the organization to turn new task purchases into straight rebuys.

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Definitions:

Manufacturing Process

Involves the steps, operations, and methodologies used to transform raw materials into finished goods or products.

Contingency Theories

A group of leadership theories suggesting that there is no single best way to lead, as effective leadership depends on the context of the situation.

Theory Y

A management approach that assumes employees are inherently motivated and will take responsibility if given the opportunity, in contrast to Theory X.

Formal Mathematical Models

Theoretical frameworks that use mathematical expressions to represent and analyze complex systems or problems.