E-procurement refers to the use of electronic technology, such as the Internet, for purchasing goods and services. While it can include auctions and bidding, it is not limited to those components and can be used for all aspects of purchasing, from requisition to payment. It is not limited to any particular type of purchasing, such as raw material purchasing, and can be used for a variety of goods and services.

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E-Procurement

Question 98

Multiple Choice

E-procurement

A) works best in long-term contract situations, and is not suited for auctions.
B) is the same thing as Internet purchasing.
C) represents only the auction and bidding components of Internet purchasing.
D) is illegal in all states except Nevada and New Jersey.
E) is used only for raw material purchasing.

Correct Answer: