American Express Developed Tools That Improved Compliance with Procurement Rules

question 21

Multiple Choice

American Express developed tools that improved compliance with procurement rules on indirect purchases,or MRO supplies.One of the major performance improvements was the __________.

• A)increase in spot buying
• B)elimination of maverick buying
• C)reduction in billing errors
• D)increase in purchases from local vendors

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Definitions:

Volume Purchase Discount

A volume purchase discount is a price reduction offered to buyers who purchase large quantities of goods or services.

Appliance Warehouse

An appliance warehouse is a large storage facility dedicated to housing household appliances like refrigerators, stoves, and washers for sale.

Payments

The act of transferring money to fulfill an obligation, such as in purchasing goods or services or repaying a loan.

Penalty

A punishment imposed for breaking a law, rule, or contract, which often involves paying a fine or forfeiting something.