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NEW QUESTION: 1
What are the largest costs of a supply management audit?
A. The cost of added hours required of the supply management professional.
B. The cost of a repeat visit by an auditor.
C. The cost of time taken by personnel to answer questions or retrieve auditor requests for data.
D. The cost of auditor airfare, transportation, and lodging.
Answer: C
Explanation:
The largest costs of a supply management audit are the cost of time taken by personnel to answer questions or retrieve auditor requests for data. The cost of auditor airfare, transportation, and lodging is not the largest cost. The cost of a repeat visit by an auditor should not be required. The cost of added hours required of the supply management professional will be required to support the audit but not the largest cost.

NEW QUESTION: 2
Which of the following is the MOST important factor when installing a new workstation?
A. Internet
B. Network
C. Power
D. Phone
Answer: C

NEW QUESTION: 3
A vendor requires a payment of 20% of the purchase price when the purchase order (PO) is sent and the company wants to withhold of the payment until 90 days after receiving the item before final payment is made.
How would this be accomplished?
A. A Purchase Requisition would be created and three invoices would be generated via the invoicing application. One invoice for 20%, one for 60% and one for 20%.
B. A Purchase Contract would be created with a payment schedule with an invoice of 20% at the time the PO is Approved, an invoice of 60% at the time the item is received and another invoice for 20% 90 days after receipt.
C. A Price Contract would be created with a payment schedule with an invoice of 20% at the time the PO is Approved, an invoice of 60% at the time the item is received and another invoice for 20% 90 days after receipt.
D. A Blanket Contract would be created with a payment schedule with an invoice of 20% at the time the PO is Approved, an invoice of 60% at the time the item is received and another invoice for 20% 90 days after receipt.
Answer: B