____ Is the Third Step of the Supplier Selection and Evaluation

question 32

Multiple Choice

____ is the third step of the supplier selection and evaluation process.

• A)Identify need for supply
• B)Select suppliers
• C)Identify and evaluate possible suppliers
• D)Situation analysis

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Definitions:

Percent Equivalent

A way to express a number as a percentage of 100.

Rounded

Adjusted to the nearest whole number or specified decimal place to make calculations simpler or to reflect measurement limitations.

Decimal Equivalent

A numerical representation that expresses fractions in a decimal format.

Percent Equivalent

The numerical value of a fraction expressed as a percentage.