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Questions and Answers
Which of the following best describes the purpose of purchasing policies?
Which of the following best describes the purpose of purchasing policies?
- To outline the responsibilities of the purchasing department
- To define the objectives of the purchasing function
- To establish the buying levels within an organization
- To provide a general statement for detailed policies (correct)
What does purchasing's authority refer to?
What does purchasing's authority refer to?
- The power to make purchasing decisions (correct)
- The level of control over purchasing objectives
- The responsibility to manage the purchasing department
- The budget allocated for purchasing activities
What is the main focus of purchasing policies?
What is the main focus of purchasing policies?
- Establishing the responsibilities of the buying levels
- Defining the objectives of the purchasing function
- Providing a general statement for purchasing policies
- Developing detailed policies for purchasing activities (correct)
Which committee typically grants purchasing authority and develops purchasing policies?
Which committee typically grants purchasing authority and develops purchasing policies?
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What does the purchasing policy typically detail?
What does the purchasing policy typically detail?
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Which of the following areas may be excluded from the purchasing function's responsibility?
Which of the following areas may be excluded from the purchasing function's responsibility?
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What is the role of purchasing in 'indirect spend' areas?
What is the role of purchasing in 'indirect spend' areas?
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Why is it important to outline the limits to purchasing authority in the policy?
Why is it important to outline the limits to purchasing authority in the policy?
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