Procurement and ________ are viewed as synonymous terms.

Which of the following would not be part of a supplier audit?

What is the first step in a global sourcing development model?

________ refers to a set of technology and finance-based processes that strive to optimize cash flow by allowing businesses to extend their payment terms to their suppliers while simultaneously allowing their suppliers to get paid early.

With respect to gift giving and gift receiving, a(n) ________ refers to money paid after an exchange.

A ________ strategy entails an organization developing a product and/or service that offers unique attributes that are valued by customers and that the customer perceives to be distinct from competitor offerings.

Return on assets (ROA) equals ________.

The current ratio is calculated by dividing ________ by ________.

________ looks at how long an organization’s cash is tied up in receivables, payables, and inventory.

Objectives should be SMART—that is, ________, measurable, achievable, realistic, and timely.