Define the procurement process. What are the seven basic steps in the procurement process?
What will be an ideal response?
The procurement process refers to the way business firms purchase the goods they need in order to produce the goods they will ultimately sell to consumers. Firms purchase goods from a set of suppliers that in turn purchase their inputs from another set of suppliers. These firms are linked in a series of connected transactions. The supply chain refers to this series of transactions, which links sets of firms that do business with each other. It includes not only the firms themselves but also the relationships between them and the processes that connect them. There are seven steps in the procurement process: searching for suppliers for specific products; qualifying the sellers and the products they sell; negotiating prices; credit terms, escrow requirements, quality, and scheduling delivery; issuing purchase orders; sending invoices; goods are shipped; and the buyer sends a payment. Each step is composed of separate substeps that must be recorded in the information systems of the buyer, seller, and shipper.
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From its origins as an animated film producer, Walt Disney Company has moved into licensing characters for merchandised goods and developed theme parks and vacation and resort properties. What strategy best describes Disney's growth?
What will be an ideal response?
Brenda's husband Bob died last week. Her agent told her she could receive the death proceeds tax-free and a monthly check until her death. He is talking about the ________ settlement option
A) lump-sum B) life annuity C) interest-only D) installment-payments E) tax-free
In relation to the term "sex discrimination:"
a. courts have played a major role in defining the term b. Congress carefully defined the term in Title VII c. the Executive branch has crafted many opinions on the subject d. courts have played a major role in defining the term and the Executive branch has crafted many opinions on the subject e. none of the other choices
The prices of condos in a city are normally distributed with a mean of $90,000 and a standard deviation of $28,000
a. The city government exempts the cheapest 6.68% of the condos from city taxes. What is the maximum price of the condos that will be exempt from city taxes? b. If 1.79% of the most expensive condos are subject to a luxury tax, what is the minimum price of condos that will be subject to the luxury tax?