A Valuable Method of Assessing Supplier Performance Is to Use $\div$

question 33

Multiple Choice

A valuable method of assessing supplier performance is to use a supplier performance index. This index is calculated by:

• A) total purchase price \(\div\) total supplier costs
• B) total supplier costs \(\div\) total purchase price
• C) average purchase price \(\div\) average supplier costs
• D) average supplier costs \(\div\) average purchase price

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Definitions:

Preparedness

The predisposition of animals, including humans, to learn certain types of associations more easily than others, which has evolutionary significance.

Biological Predisposition

An inherited tendency or vulnerability to develop certain disorders or characteristics.

Psychological Processes

Internal processes that underlie human behavior, including perception, memory, thought, emotion, and motivation.

Learning Situation

An environment or set of conditions in which learning takes place, involving a learner, a teacher or facilitator, educational content, and context.