Which One of the Following Statements Correctly Represents a Benefit

question 4

Multiple Choice

Which one of the following statements correctly represents a benefit of centralized buying?

• A) Local managers have more control over their business.
• B) Purchases and production schedules are meshed more easily.
• C) Purchasing lead times may be shorter.
• D) Increased buying power can result in significant savings in purchasing costs.

Acquire skills for seeking clarification and understanding during class lectures.

Calculate vehicle speeds based on skid marks and drag factors.

Understand the financial aspects of owning a vehicle, including depreciation, insurance, and sales tax.

Analyze statistical data related to auto repairs and vehicle costs.

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Definitions:

Cabinet

A body of advisers to the president composed of the heads of the executive departments of the government.

Cabinet

A body of high-ranking state officials, typically consisting of the top leaders of the executive branch, appointed to advise the head of government and implement government policies.

Major Service Organizations

Non-profit organizations that provide support, advocacy, and services to specific groups, often including veterans, and play significant roles in community building and social support.

Hierarchy of Authority

A rank order of authority within an organization, establishing clear paths of responsibility and reporting.