Which of the following statements best represents what procurement type indicates?
A)How a material is produced
B)Vendor's groups
C)All of the ways to procure a material the user will choose from when making a decision
D)Whether a material is produced in house,obtained externally,both,or none
E)How a vendor will be chosen in the procurement process

Question

Quizplus · Accepted Answer

Procurement type indicates whether a material is produced in house, obtained externally, both, or none. It helps in identifying the source from where a material will be procured. Options A and B do not accurately represent procurement type. Option C refers to the different ways to procure a material, but does not specifically relate to procurement type. Option E refers to the vendor selection process, which is a separate aspect of procurement.

Which of the Following Statements Best Represents What Procurement Type