Outsourcing of services - Study guides, Class notes & Summaries

SCMN 2150 Module 5 Questions and Answers 100% Pass What type of purchases should receive a supply manager's lowest priority and time commitment? Generic goods Which type of purchases include the modules and components that are used in production processes and add value to the product? Direct materials What is the sequence of the five-step procurement process? 1. identify need for materials and services 2. evaluate supplier options 3. select best suppliers 4. release orders and...

CRCM Exam Practice | Questions And Answers | 100% Correct Answers To be effective, compliance risk management professionals must design a framework to ensure that bank management understands the risks and the steps that must be taken to mitigate them. The many roles compliance professionals fill incorporate risk management aspects including: A. Coordinating regulatory exams to explain risks to examiners B. Overseeing compliance training targeting higher risk areas C. Tracking regulatory pr...

A business tries to earn a profit by providing ___________ and ___________ that satisfy people's needs and wants. correct answers goods, services A product that is tangible and can be touched or held in your hand is: correct answers a good An example of a service is: correct answers a physical exam Services can be defined as: correct answers intangible products An ___________ is a person who risks time and money to start and manage a business. correct answers entrepreneur Whether...

ISDS 351 EXAM 1 csuf Question Bank, 918 Questions and Correct Answers, With Complete Solution, Updated 2024/2025. Which of the following types of clouds is integrated through networking and is composed of both private and public clouds? Hybrid Cloud Identify the goal of a service-level agreement: To manage expectations between customer and service provider by creating a common understanding about services, priorities, and responsibilities Brainpower Read More Previous Play Next Rewin...

What is procurement? How does it differ from strategic sourcing? correct answers Procurement can be defined as the purchase of merchandise or services at the optimum possible total cost in the correct amount and quality. Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company Strategic Sourcing correct answers Strategic sourcing is an institutional procurement process that continuously improves and re-evalua...

Which of the following is NOT included in the information flow? Receipts Specifications Invoices Supplies correct answers supplies A cell-phone manufacturing company wants to simplify their production and decides to ask an outside supplier to produce their memory chips. This is an example of: Nearshoring Offshoring Outsourcing Nearsourcing correct answers Outsourcing A customer buys a new vacuum cleaner at Costco, then realizes it's the wrong kind so she returns it. Costco now nee...

HRD4801 ASSESSMENT 3 2024 Bioware Corporation, a leading technology company specialising in software development and information technology (IT) services, has been experiencing rapid growth. The company, which has over 10 000 employees spread across the African continent, has identified the need to enhance its training and development programmes to ensure that its employees keep up with evolving industry standards and technological advancements. The current in-house training department has st...

Business any activity that seeks to provide goods and services to others while operating at a profit. Entrepreneur a person who risks time and money to start and manage a business Goods tangible products such as computers, food, clothing, cars services intangible products, such as education, health care, insurance, recreation, and travel and tourism. revenue the total amount of money a business takes in during a given period by selling goods and services. profit the amount of money a bus...

QUESTION 1 Bioware Corporation, a leading technology company specialising in software development and information technology (IT) services, has been experiencing rapid growth. The company, which has over 10 000 employees spread across the African continent, has identified the need to enhance its training and development programmes to ensure that its employees keep up with evolving industry standards and technological advancements. The current in-house training department has struggled to meet t...

TEST BANK Enterprise Risk Management S - The Marketplace to Buy and Sell your Study Material 1 RSK2601 TEST BANK Question 1 Which one of the following is a benefit of effective risk and opportunity management? 1) Improved profit certainty 2) Increased shareholder value 3) Increased stakeholder confidence Correct option 3 4) Lower economic returns Explanation Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and higher economic returns are all benefits of ef...