If the Total Supplier Activity Costs Were $74 000; Price

question 14

Multiple Choice

If the total supplier activity costs were $74 000; price per unit was $1.70; and total units purchased were 12 000, the supplier performance index would be:

• A) 6.166.
• B) 10.483.
• C) 5.223.
• D) 3.627.

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Definitions:

Abilities

The natural or acquired skills and talents that enable individuals to perform tasks, solve problems, and adapt to various situations.

Standardization

The process of developing and implementing technical standards to ensure consistency and compatibility in products, services, and processes.

Random Selection

A method of selecting a sample from a population in a way that gives every member of the population an equal chance of being chosen.

Representative Sample

A subset of a population that closely mirrors the characteristics of the overall population, used in research to draw conclusions about the population as a whole.