Benefits of e-procurement over traditional procurement methods include each of the following except
A) increasing the productivity of purchasing agents.
B) lowering purchase prices through product standardization, reverse auctions, volume discounts, and consolidation of purchases.
C) increasing the skill requirements and training needs of purchasing agents.
D) streamlining invoice reconciliation and dispute resolution.
C
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Which of the following is NOT a basic value that the PRSA Code of Ethics 2000 addresses?
A) honesty B) loyalty C) fairness D) authenticity
Which of the following statements is correct concerning the writing of proposals?
a. Proposals are always directed to an external audience. b. Proposals are only written in response to solicitations or request for proposals. c. A simple price quotation may constitute a proposal. d. All of the above are incorrect.
What is arbitrage? Assume that the dollar is quoted $1 = £0.625 in New York and the pound sterling is quoted as
£1 = $1.63 in London. Is there an arbitrage opportunity? If so, what would an astute trader do? What will happen to the quotes as trades are made at current prices?
The first unit produced in a process takes 480 hr. As the number of units produced doubles, production time decreases by 18%. Using the arithmetic approach, calculate the production time for the fourth unit.
A. 217 hr B. 323 hr C. 178 hr D. 256 hr