Which people will the procurement department likely consult prior to finalizing a purchase to ensure that the purchase being made is suitable for the function it will have in the company

Answers

Answer 1

A procurement department likely consults with a procurement manager before finalizing a purchase to ensure that the purchase being made is suitable for the function it will have in the company.

What is a purchase?

Purchase refers to obtaining something by getting the ownership of some goods or properties.

A Procurement manager refers to the person who is responsible for sourcing products and services for the company. Sometimes it is also called a purchasing manager.

A procurement or purchasing manager is likely to consult before finalizing a purchase to ensure that the purchase being made is suitable for the function it will have in the company.

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Related Questions

An individual participates in the 401(k) plan offered by the employer. Every two weeks, 4% of the employee's salary is deferred into the plan. The contributions are made into several different mutual funds. This practice is using

Answers

The practice is of 401(k) plan offered by the employer is using a deferred compensation.

What is a Deferred compensation?

This plan involves an employee holding the pay for disbursement at a later time which often provides a tax deferred benefit to the employee.

Hence, the practice is of 401(k) plan offered by the employer is using a deferred compensation.

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Tara is interested in designing automated systems for a supply chain. which type of degree would she most likely need? select an answer: mechanical engineering packaging engineering computer science industrial engineering

Answers

Tara is interested in designing automated systems for a supply chain the type of degree would she most likely need is mechanical engineering.

What is mechanical engineering?

Mechanical engineering is a branch of science that combines other Science subject such as physics and mathematics to manufacture important mechanical systems and product.

Therefore, Tara is interested in designing automated systems for a supply chain the type of degree would she most likely need is mechanical engineering.

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2. Accrued interest income on notes receivable is calculated using all of the following information except the (A) annual interest rate. (B) principal. (C) term of the note. (D) date of the note.

Answers

Term of the note is not necessary to be used for calculating the accrued interest income on notes receivable.

What is accrued interest?

Accrued interest is that interest rate that has been already incurred on the loan but not paid yet.

In order to, calculate the accrued interest, interest rate has to be multiplied by the notes receivable amount and divide by the 12.

Accrued interest can be in the form of accrued interest revenue or accrued interest expense.

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When a manager has control over and is accountable for cost, profit or investments of an organization, it is called ________.

Answers

Answer:

it's called an responsibility center

Based on the Management in Action case, imagine if CEO Scharf reorganized the organizational structure where lower-level managers reported to both functional and divisional managers. What type of organizational structure would this represent

Answers

A modular organizational structure is the sort of organizational structure represented by the data.

What is the definition of an organizational structure?

It should be mentioned that an organizational structure is merely a system that describes how an organization's activities will be carried out.

The sort of organizational structure represented by the data is a modular organizational structure in this situation.

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Many financial service firms, IT firms, and health care companies are among the most active when it comes to________, which occurs when value chain activities are taken care of outside the home country of the firm.

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Many financial service firms, IT firms, and health care companies are among the most active when it comes to Offshore outsourcing, which occurs when value chain activities are taken care of outside the home country of the firm.

What is Offshore Outsourcing?

Offshore outsourcing is an act of hiring an external organization to run some business operation in another country.

Most financial firms, IT firms, and even health care companies are active when it comes to offshore outsourcing. They employ the services of another organization outside the country to run some operations.

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A company is considering two capital investments. Each requires an initial investment of $15,000 and has a 4 year useful life. Investment A has expected cash inflows of $5,000 each year for the 4 years for total cash inflows of $20,000. Investment B has the following expected cash flows: Year 1: $8,000; Year 2: $6,000; Year 3: $4,000; Year 4: $2,000; Total cash flows: $20,000. Using the payback period as the evaluation method, which investment should be chosen by management

Answers

Based on the cashflows from each investment, the investment that should be chosen based on the payback period is Investment B.

What is the payback period for Investment A?

This can be found as:

= Investment / Annual cash inflow

= 15,000 / 5,000

= 3 years

What is the payback period of Investment B?

= Year before payback + Amount left to be paid / Cash inflow in year of payback

= 2 + (15,000 - 8,000 - 6,000) / 4,000

= 2 + 1,000 / 4,000

= 2.25 years

The company should pick Investment B as it pays back sooner than Investment A.

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Question
in the evolution of the internet, which event occurred most recently?
a. e-commerce allows people to make transactions online.
b. email was invented.
c. web 2.0 replaced the world wide web.
d. arpanet was opened to the general public.

Answers

Answer: C

Explanation: Web 2.0 replaced the World Wide Web.

Select the correct answer from each drop-down menu. when a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. businesses face because they must alter existing infrastructure to meet regulations. as a result, consumers pay for produced goods.

Answers

When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. Hence, Option A. is the answer.

What is the effect of government's regulations on worker safety and environmental protection?

Environmental laws play a huge part in protecting humans, animals, resources, and habitats. Aside these laws, no regulations on pollution, contamination, hunting, or even response to disasters. Environmental law works to protect land, air, water, and soil.

Therefore, the correct answer is option A.

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Answer:

See image

Explanation:

Plato

the term formal education is defined by the text as

Answers

Formal education in contrary to informal education describes an education system which has a set curriculum and is regulated by some kind of entity (like for example a state).

In contrast to informal education, formal education refers to an education system that has a predetermined curriculum of educational institutions and is governed by some kind of body (such as a state).

Formal education is described as the structured and organized form of education that takes place at educational institutions such as schools, colleges, and universities.

It entails the acquisition of academic knowledge and skills using proper teaching-learning approaches.

As a result, the significance of the formal education is defined by the text are the aforementioned.

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Giorgio had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals: Multiple Choice 0.21. 4.36. 4.79. 76.2 days. 83.8 days.

Answers

Based on the scenario given above, the inventory turnover equals 4.79. Check more about the term below.

What is inventory?

Inventory is a term that is used for all items, goods, and materials held by a business that are meant to be sold in the market to get a profit.

Based on the scenario given above, since Giorgio  had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals, the inventory turnover equals 4.79.

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In addition to needs, what should you plan for first when
creating a budget?

Answers

Answer: recurring expenses

Explanation:

More than fifty percent of the Michigan state government is funded bythe federal government.the citizens of Michigan.the corporations in Michigan.the profits earned from investment.

Answers

The citizens of Michigan are funding more than fifty percent of the Michigan state government.

How does Michigan make its money?

Majorly the Michigan make its money from the various sources like federal aid, collection of taxes, licensing fees collection and return on investments. Michigan is the country where they collect the money from the citizen of nation.

Thus, option C is correct.

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Answer: b. the citizens of Michigan

Explanation:

Which of the following examples describes how data science can improve
business outcomes?

Answers

The data science can alter business resultants with the support of Analytics.

What is Analytics?

The systematized combinatorial investigation of the subject matter or applied mathematics is known as analytics.

It is a tool for determination, interpreting, and communicating crucial structures in data.

It also implies using data patterns to make more intelligent decisions. With the usage of analytics, data science may modify and better business outcomes.

Therefore, the Analytics can improve the business outcomes.

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(1 point) If 8000 dollars is invested in a bank account at an interest rate of 9 per cent per year, find the amount in the bank after 5 years if interest is compounded annually

Answers

Answer:

$12,308.99

Explanation:

$8,000.00 $8,000.00 $720.00 $8,720.00 $8,000.00

$8,000.00 $8,720.00 $784.81 $9,504.80 $8,000.00

$8,000.00 $9,504.80 $855.45 $10,360.23 $8,000.00

$8,000.00 $10,360.23 $932.45 $11,292.65 $8,000.00

$8,000.00 $11,292.65 $1,016.34 $12,308.99 $8,000.00

hope this helps!

List and describe the 3 primary ways in which banks make
money available to consumers.

Answers

Answer:

Currently, the majority of large banks offer deposit accounts, lending, and limited financial advice to both demographics. Products offered at retail and commercial banks include checking and savings accounts, certificates of deposit (CDs), personal and mortgage loans, credit cards, and business banking accounts.

Banks earn money in three ways: They make money from what they call the spread, or the difference between the interest rate they pay for deposits and the interest rate they receive on the loans they make. They earn interest on the securities they hold.

Functions of Commercial Banks: - Primary functions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills. - Secondary functions include issuing letter of credit, undertaking safe custody of valuables, providing consumer finance, educational loans, etc.

Explanation:

How is a mutual fund different than an index fund?

Answers

Answer:

Index funds are mutual funds, but instead of owning maybe twenty or fifty stocks, they own the entire market. (Or, if it's an index fund that tracks a specific portion of the market, they own that portion of the market:)

who is the fastest typist ever recorded and how many words per minute did she type?

Answers

Explanation:

The fastest typist ever recorded is Stella Pajunas-Garnand.

She typed 216 words in a minute.

She's from Chicago, US.

outline reasons why some chemicals are not suitable for man's use​

Answers

Answer: Chemicals such as insecticides, pesticides, and others must be kept away because they can contaminate food, and make it poisonous to anybody. Some can cause burns, vomiting, diarrhea, and in very large amounts, drowsiness or death. Chemical products may cause immediate health effects, such as skin or eye irritation or burns, or poisoning. There can also be longer-term health effects from chemicals.

Explanation:

Chemicals such as insecticides, pesticides, and others must be kept away because they can contaminate food, and make it poisonous to anybody. Also, chemicals used, for the preservation of food, must not be allowed to come in contact with food substances.

Drivers become subject to the liability insurance law when accident damages amount to: 1. $100 to property of one person 2. $25 to property of one person 3. at least $1,000 to property of one person 4. $50 to property of one person

Answers

The drivers become subject to the liability insurance law when their accidental damage amount to at least $1,000 to property of one person.

What is an accidental damage?

These refers to the damage caused to third party property or vehicle while using an insured car.

Here, the drivers become subject to the liability when their accidental damage amount to at least $1,000 to property of one person.

Therefore, the Option 3 Is correct.

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Which term describes a company being so open to other companies working with it that electronic information is shared as if the companies were one?.

Answers

It’s a merger With the companies

Amani is the newly hired manager at MyCoffee, a global coffee roasting company. As part of her responsibilities, Amani often gives interviews to media outlets and speeches to community organizations. Amani is playing the role of a

Answers

Amani is playing the role of a spokesperson as she often gives interviews to media outlets and speeches to community organizations.

Who is a firm's spokesperson?

This refers to an official that is for transmitting information about their organization and its goals to the people outside it.

Hence, in this case, she is playing the role of a spokesperson as she often gives interviews to media outlets and speeches to community organizations.

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Shonda wants to open a deli. She is worried that it won't be successful unless
it has a familiar brand name, so she pays for the rights to use the name and
logo of an existing deli company. What type of business is Shonda forming?
O A. A franchise
O B. A cooperative
O C. A partnership
O D. A corporation

Answers

If he pays for the rights to use the name and logo of an existing deli company. The type of business is Shonda forming is: A. A franchise.

What is franchise?

Franchise can be defined as the way a person or a company is given the license or right to use a another company trade name or logo.

Based on the given scenario Shonda forming a franchise type of business because he was given  the rights to use the name and logo of an existing deli company.

Therefore the type of business is Shonda forming is: A. A franchise.

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Direct channels of distribution include _____________ as members.
A. manufacturers, retailers, and customers
B. manufacturers and retailers
C. manufacturers and wholesalers
D. manufacturers and customers
HELP ME PLEASE!!!!!

Answers

Direct channels of distribution manufacturers and customers include as members.

What are direct channels?

A direct channel of distribution defines a condition in which the producer sells a product to a consumer directly without any of the intermediaries.

This is a channel through which products move directly from the manufacturer or vendor to the end user, usually by a professionally trained field sales force.

Thus, option D is true, as the Direct channels of distribution includes manufacturers and customers as members.

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What is wrong with the following outline?

When teenagers give community service, they not only benefit the community but themselves.
Community service fulfills special needs in the community that might otherwise be neglected.
Volunteers often provide the only companionship that some of the elderly or disabled have because many people in nursing homes do not have family nearby.
Big Brother/Big Sister programs offer kids opportunities to learn, play, and socialize, which they would not otherwise have because of working parents.
Teenagers who perform community service benefit from the knowledge that they are making a difference.
Teenagers involved in neighborhood clean-up programs can see tangible evidence of how the clean streets and parks improve the community.
Teenage volunteers at food banks and soup kitchens are able to focus on the needs of others and see how they can fulfill those needs.
Many teenagers do not volunteer because they don't know how to get involved.
There are many resources that can help you find a service that's right for you.
The Internet is a great way to search for community service opportunities.
Your local community center or public library can be a good resource.
Ask teachers or parents how you can get involved.
There aren't enough main points.
There's nothing wrong with the outline.
There aren't enough subpoints for each main point.
There aren't enough supports for each subpoint.

Answers

Answer:

there are not enough subpoints for each main point

Answer:

B. There aren't enough subpoints for each main point.

Explanation:

The reason is that the outline has the main points which is good. But there isn't enough reasoning or smaller points to prove these main points.

Broadly defined, how many types of customers are there?.

Answers

When it comes to customers, there are different types but in a broad measure, there are 4 types of customers.

Which types of customers are there?

There are four broad types of customers which include:

Value buyers. Relationship buyers. Price buyers. Mix of value and relationship buyers.

As the names imply, buyers are motivated by various things with some being motivated by the relationship they have with the seller, and others being motivated by the price of goods.

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What is the total revenue of mike's ice cream business if he sells ice
cream for $2.00 a bar, and sells 25 bars in a day. his total cost of
operation is $15.00 to run the stand.
o $30.00
o $35.00
o $42.50
o $50.00

Answers

Answer:

$50

Explanation:

Total revenue= Price multiplied by total quantity sold.

Total Revenue= $2 multiplied by 25=$50.

Profit is total revenue minus total cost= $50-$15=$35

Explain the process that economists use to conduct a cost benefit analysis (cbd)for a high speed rail

Answers

The economist uses the cost benefit analysis (cbd) for a high speed rail to determine the project benefit expected therein.

What is a cost-benefit analysis?

This involves the tallying up all costs of a project and subtracting that amount from the total projected benefits of the project or decision.

Hence, the economist uses the cost benefit analysis (cbd) for a high speed rail to determine the project benefit expected therein.

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Alice has noticed that she is starting to dread going to work every day. she is afraid that she is going to have to quit if things don’t start to get better. what can alice do to be more satisfied with her job? a. mentor a co-worker b. improve her job skills c. develop her own projects d. all of the above please select the best answer from the choices provided a b c d

Answers

What Alice can do to be more satisfied with her job is she can improve her job skills, hence option B is correct.

What causes one to become bored in a job?

It should be noted that when a job's process is repetitive or mechanical workers are bound to become tired of the process.

Hence, as a work improving your skills is a way to go, this means you are open to new processes and challenges.

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13. the categories of routine replies and positive messages include all of the following except
(1 point)
ogranting requests for information and action.
ogranting claims and adjustments.
orefusing requests.
o sending goodwill messages.

Answers

The act of refusing requests does not belongs to the categories of routine replies and positive messages.

What is a routine replies & positive messages?

These are messages that serves as a good feedback to the other party expecting a message.

However, the act of refusing requests does not belongs to the categories of routine replies and positive messages.

Therefore, the Option C is correct.

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