Which of the following is NOT a way in which practitioners can avoid the problem of slipping from facts to inferences?
a. resorting the data
b. getting a second opinion
c. using past experiences
d. work with the client
c. using past experiences
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Answer the following statements true (T) or false (F)
1. One of the factors to contribute to a successful spend analysis is the unavailability of accurate, timely, and detailed expenditure data. 2. A characteristic of strategic purchases is that they exploit full purchasing power. 3. Conglomerate is a category in classifying buyer–supplier relationships. 4. Transactional relationships are related to buy-and-sell exchanges of goods and services. 5. Collaborative relationships require early supplier involvement.
In the purchase process, once a problem has been identified, the next step is to ________.
A. seek sales proposals B. prepare a distribution document resembling the request for proposal C. identify potential suppliers D. evaluate equally-qualified vendors and purchase criteria E. clearly define the need and develop product specifications
Which of the following is an intrinsic reward?
A. recognition B. promotion C. pay D. security E. personal growth
Neal’s organization provides more paid vacation time than most organizations to allow employees to enjoy life outside work and maintain good relationships with friends and family members. It appears the ________ dimension of cultural diversity is high at Neal’s organization.
A. assertiveness B. nurturing C. societal collectivism D. uncertainty avoidance E. individualism