Corporations and public bodies often define procurement processes intended to promote fair and open competition for their business while minimizing risk, such as exposure to fraud and collusion. Select one: 1. True O 2. False 3. Both A and B O 4. All of the above
Q: Which of the following is not a characteristic of thefactor-weighting approach to supplier…
A: The factor-weighting model is essential from the buyer;s perspective as it adds objectivity to the…
Q: When it comes to executing an indirect spend procurement plan, why is it so important to have senior…
A: Frequently, organizations seeking to integrate hope to gain a competitive advantage by managing…
Q: Disscus benefits and risks of aggreting inventory in the supply chain . Include in the disscution an…
A: Aggregate inventory control maintains several individual products under each category.
Q: Critically expain how measurement of performance within the procurement and supply department an…
A: The supply chain is the management of the flow of goods and services it helps in planning,…
Q: A company that manufactures cars would use about 50,000 steering wheels per year. Such steering…
A: Given data Annual demand (D) = 50,000 units or steering wheels per year Ordering cost (S) = P1250…
Q: Durant Co. manufactures glass bottles for dairy products. The contribution margin is $0.10…
A: Total Contribution margin = 100,000 bottles x $0.10 per bottle = $10,000 Reprinting Cost = 100,000…
Q: Identify and explain the cons of assigning the procurement responsibility to each department of the…
A: Obtainment officials are answerable for assessing providers, items, and administrations, arranging…
Q: )explain the challenges in carrying out procurement plan
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: How do you think that a procurement strategy can be directly linked to the organization’s strategy…
A: Sourcing or procurement is an essential part of all the supply chains.
Q: Procurement- Selecting and managing waste handling suppliers does not require the same rigor as…
A: Procurement is most usually connected with companies because companies require to request services…
Q: a) Explain five (5) ways in which electronic systems can be used in the sourcing process. b)…
A: The sourcing process refers to the procurement of goods from a supplier, it includes all the…
Q: Purchasing covers a broader scope than procurement and covers both acquisitions from third parties…
A: Statement: Purchasing covers a broader scope than procurement and covers both acquisitions from…
Q: Procurement strategies require attention to supply chain risks. Can you name six risks that only a…
A: Recent sourcing and outsourcing contracts have raised the probability of supplier risks due to their…
Q: What is the most important element in Purchasing Management?
A: As per our guidelines, I can provide you the answer of any one question at a time. Please send each…
Q: The grievance process/procedure is the vehicle for administering the contract on a _____basis a.…
A: Ans. At the point when an employee feels that they've been violated - be it an unjustifiable check,…
Q: Please select the correct order of operations from first to last in the procurement process: PAy…
A: Given the order of operations: 1. Pay for goods 2. Receive the invoice ( 3-way match) 3. Create a…
Q: What's the difference between a standard commercial contract and an outsourcing contract? Which of…
A: Note - Hi! Thank you for the question As per the honour code, We’ll answer the first question since…
Q: What is the rationale for colocating internal customer purchasing personnel?
A: Indeed, a point of controversy is the strongest organisational framework. For an advanced supply…
Q: Procurement- Which of the following is not a type of supply budget? A. Capital B.…
A: Budget contains in estimation of revenue and expenditure in a specific period of time. To manage the…
Q: Which of the following contract type has the least risk to the owner? Select one: O None of the…
A: Contract types are tools in arranging purchases and acquisitions that are significant for the…
Q: What is a stock out? a. When stocks run out b. When stocks are left out. c. When stocks go up in…
A: The answer is as follows:
Q: (make-buy)
A: Procurement refers to processes, standardised methods, and means used to streamline the procurement…
Q: One problem with business-to-business e-procurement is that it: Oa. increases transaction costs b.…
A: B2B e-procurement - It is a system in which the business transactions including acquisition, sale of…
Q: 76. According to the law of supply: O a. there is a direct relationship between price and quantity…
A: ANSWER IS GIVEN BELOW:
Q: e differences between theoretical procurement knowledge in class and practical procurement knowledge…
A: A Small Introduction About Procurement Procurement is the act of acquiring products or services,…
Q: As a general understanding, which of the following is preferred as a result of the bidding phase of…
A: The bidding process is a transparent and fair procedure based on identifying the best value for…
Q: Identify and describe the disadvantages of assigning the procurement responsibilities to each…
A: Identify and discuss the downsides of assigning procurement tasks to separate supply chain units.…
Q: If you are to be asked, what kind of business letter you will use for this particular purpose?…
A: A business letter is a communication between two businesses or between businesses and their…
Q: for four factors that your organisation should assess before to (or during) computer hardware…
A: Computers, software, and service procurement The policy aims to outline a method for new and…
Q: Identify and explain the pros of assigning the procurement responsibility to each department of the…
A: Below is the solution:-
Q: How much lead time does the supplier require?
A: Lead time is the time which passes from the beginning of the process until its conclusion.…
Q: Concerns of suppliers when moving to SupplierPartnerships include:a) small lots sometimes seeming…
A: Social media is a platform that includes Facebook, Twitter, Instagram, and many other applications…
Q: Explain Three (3) approaches that a buyer could take to obtain reliable information about suppliers’…
A: Below is the solution
Q: If a product in question has an insignificant cost, it might not be worth the trouble to trace the…
A: The given discussion talks about that in the event that an item being referred to has an…
Q: Which of the following would be a transaction file? customers Sales invoices. inventory suppliers
A: Transaction file are those records/data which are used to update the master data on real time basis.…
Q: The purchasing department is responsible for procuring raw materials and other resources at the best…
A: The structure of an organization is built on the basis of its functional areas. The management…
Q: Assume that you are the Purchasing Manager recently joined to a manufacturing company which consists…
A: To: Managing Director From: Purchasing Manager Date: 28/Jan/2021 Sub: Advantages of regular meetings…
Q: The South African Government introduced the Five Pillars of Procurement. These five pillars were…
A: The South African Government presented the Five Pillars of Procurement. These five pillars were…
Q: A. By examining a supplier's capacity, technological resources, delivery strategies, and general…
A: Inventory management is the management in which stock is sourced, stored, and sold in the market.
Q: Why is it important to include a policy that outlines the origin and scope of purchasing authority?…
A: A policy may be a set of principles to guide selections and attain rational outcomes. A policy may…
Q: Why is it so critical to have senior executive help when it comes to implementing an indirect spend…
A: Organizations looking to merge also aim to achieve a comparative edge by balancing expenses across…
Q: Which of these situations is likely to cause high bargaining power of suppliers? a.A few large…
A: Bargaining power is the ability to influence the other party to purchase or sell a particular…
Q: What action does the Purchasing Officer take on receiving the requisition for raw material
A: Purchasing officer is the person who is in charge of an organization or firm purchasing raw…
Q: Which of the following is not a characteristic of thefactor-weighting approach to supplier…
A: The factor-weighting model adds objectivity to decision-making. Choosing providers from among many…
Q: Assume that you are the Purchasing Manager recently joined to a manufacturing company which consists…
A: To: Managing Director From: Purchasing Manager Date: January 24, 2021 Subject: Benefits of…
Q: a) Explain how and why the “Identification of need and Specification of need” happen to be the two…
A: a) The first step in the procurement cycle is identifying the needs and why is it needed. This is…
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- Which of the following controls most likely will be effective in offsetting the tendencyof sales personnel to maximize sales volume at the expense of high bad debt writeoffs?(1) Employees responsible for authorizing sales and bad debt write-offs are deniedaccess to cash.(2) Employees involved in the credit-granting function are separated from the salesfunction.(3) Shipping documents and sales invoices are matched by an employee who doesnot have the authority to write off bad debts.(4) Subsidiary accounts receivable records are reconciled to the control account byan employee independent of the authorization of credit.1. Doris has heard that one of the company’s competitors has been visited by a health and safety inspector and she is worried that they might be next. Advise the company on Doris’s concerns regarding health and safety of their workers involved in manufacturing.2. What are the various taxes that would apply to a limited company trading manufacturing?In 2022, Ellen and Ed, married filing jointly, had $10,000 mortgage interest, $2,000 real estate taxes, $2,000 state income tax, and medical expenses of $2,000. Assuming they had an adjusted gross income of $50,000, which of the following is TRUE? Question 12Select one: a. They should take a standard deduction of $24,000. b. They should take a standard deduction of $12,000 c. They should take an itemized deduction of $14,000. d. They should take an itemized deduction of $16,000.
- In 2019 Lisa and Fred a married couple had taxable income of $312000, if they were to file seperate returns Lisa would have reported taxable income of $129,000 and Fred would have reported taxable income of 183,000. What is the couple's marriage penaty or benefit?You are working as an adviser in a large financial institution. Your clients Simon, Juliet and Andre are the directors of Future Energy Ltd a reputable and successful company in the renewable energy market.Future Energy Ltd has secured major contracts to install solar panels and batteries to government buildings in Singapore, Canberra, Sydney and Melbourne.To fulfil these contracts, Future Energy Ltd needs to raise $ 9.5 million. The directors seek your urgent advice.RequiredUsing the MOA template, advise the directors how Future Energy Ltd should raise the $9.5 mil. In your opinion, will a disclosure document be necessary? Why or why not? Please support your answer with relevant sections of the Corporations Act 2001 and/or case law.35. The term risk escalations refers to a. The increase in an enterprise's risk profile resulting from previously unknown risks arising from changes in the internal or external environments or changes to the organization's objectives and activities b. Weaknesses in the internal control system that raise residual risks beyond the limits of the risk appetite c. The process of and procedures for reporting risk incidents up the chain of command d. Risks that have materialized as events 36. Which of the following audit engagements is least likely to be performed by internal auditors solely as consulting, rather than an assurance or "blended" category? Systems development review Control self-assessment Financial statement Business process mapping Question 37 What is the greatest challenge that is unique to conducting and interpreting risk prioritization exercises? a. Risk analysis, evaluation, and prioritization are processes that require regular updates b. The…
- 12 You are the vice president for software development at a small, private firm. Sales of your firm's products have been strong, but you recently detected a patent infringement by one of your larger competitors. Your in-house legal staff has identified three options: (1) ignore the infringement out of fear that your larger competitor will file numerous countersuits; (2) threaten to file suit, but try to negotiate an out-of-court settlement for an amount of money that you feel your larger competitor would readily pay; or (3) point out the infringement and negotiate aggressively for a cross-licensing agreement with the competitor, which has numerous patents you had considered licensing. What are the pros and cons of each option? Which option would you pursue and why?Zoom user is a clerk in Commissioner’s office. Zoom user also performs extra work due to shortage of staff. Raising and taking down the flag over the office building every morning and evening is one of his extra work, although it is not part of his official job description. Zoom user comes to know that Asiimwe Edgar, a politician having criminal back ground dies. Few years ago, Zoom user’s best friend was shot dead during a riot allegedly arranged by Asiimwe Edgar. An order passes from the president to all the District offices of the city, to keep National flag at “half -mast” over their offices, to mourn the death of Asiimwe Edgar. Zoom user gets angry with such degradation of the National flag after watching this news on TV. He decides to stay at home next day and keeps the door keys of roof top with himself. Zoom user is confident and thinks “this was not part of my official duty; I was performing extra work so no formal punishment can be given to me. Commissioner will…Read and analyze the following situation:Ms. Rosado, general manager of Rosado & Associates, finds herself in a financial dilemma. She must decide between firing 25% of the employees by paying them only 50% of the amount they are entitled to under the law or by paying them what they are legally entitled to. Complying with the law would entail closing the doors of the business and ending that source of employment, which for her would be a failure. Mrs. Rosado asks you for advice, you are in charge of handling aspects related to personnel in the company. You must answer the following discussion questions (You must demonstrate analysis and critical thinking when answering the questions):Explain in detail how Human Resources policies relate to a company's ethics and strategy. Provide examples of what was discussed.Do you think that the proposal to fire employees paying them less than what the law establishes is ethical?
- The Drano Plumbing Company form was created by Damon Davis. He determined a net profit of $50 000. He added up the $400,000 shortfall and the $300,000 credit on his Total Financial Sheet Columns and wondered, "Who knows the most probable cause of this disparity?" If that's the case, how should he investigate it?109- A com[any’s corporate office has to decide between investing capital in a given business as it is in a high growth industry or divesting that business given its current low market share. The company's business is represented by which of the following? a. A star b. A question mark c. A cash cow d. A dogValentina pic buys and sells very expensive assets internationally. It is critical that the transler of legal tike to the assets is recorded immediately Valentina plc's Chief Executive has read about a technology which allows- automatic execution of defined rules to transfer legal title to an asset and - automatic accounting for the transfer so the same cost and revenue are recognised by both partiesThis is calledA. Machine learningB. Smart contractC. Cognitive technologyD. Distributed ledger technology