Firms can expect that proper use of a valid vendor file will result in all of the following benefits except
A)Purchases from unapproved vendors will be prevented.
B)Purchases from fictitious vendors will be detected.
C)The most competitive price will be obtained.
D)The risk of purchasing agents receiving kickbacks and bribes will be reduced.

Question

Quizplus · Accepted Answer

The use of a valid vendor file may not necessarily guarantee that the most competitive price will be obtained, as the prices offered by approved vendors may not always be the most competitive. However, it can prevent unauthorized purchases, detect fictitious vendors, and reduce the risk of purchasing agents receiving kickbacks and bribes.

Firms Can Expect That Proper Use of a Valid Vendor