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 statements concerning the scheduled personal property endorsement with agreed value loss settlement is (are) true?
I. The endorsement provides open-perils ("all-risks") coverage on the scheduled property. II. Losses under the endorsement are settled on an actual cash value basis. A) I only B) II only C) both I and II D) neither I nor II
Selling an entrepreneurial venture is always a sign of failure
Indicate whether the statement is true or false.