_____ Is the Process by Which Buyers Rate Each Potential

question 91

Multiple Choice

_____ is the process by which buyers rate each potential supplier on various performance measures such as product quality,on-time delivery,price,payment terms,and use of modern technology.

• A)Quantity research
• B)Situation analysis
• C)A priori segmentation
• D)Vendor analysis

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Definitions:

Fixed Overhead Budget Variance

The difference between actual fixed overhead costs and the budgeted or expected fixed overhead costs.

Volume Variance

A measure of the difference between the budgeted and actual volume of production, impacting costs.

Overhead Variances

The difference between actual overhead costs and the budgeted or standard overhead costs.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products or job orders, calculated before the costs are actually incurred.