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What are examples of methods of procurement?

A. Small Purchase Procedures
B. Micropurchasing
C. Formal Procurement
D. All of the above

Sagot :

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Final answer:

The answer provides examples of methods of procurement including Small Purchase Procedures, Micropurchasing, All of the answers are correct, and Formal Procurement.


Explanation:

Examples of methods of procurement:

  • Small Purchase Procedures: This method is used for relatively low-cost purchases that do not require a formal bidding process.
  • Micropurchasing: Involves making small purchases quickly to meet immediate needs.
  • All of the answers are correct: Depending on the specific procurement situation, any of the mentioned methods could be appropriate.
  • Formal Procurement: Typically involves a structured process with formal bidding and evaluation criteria.

Learn more about Methods of Procurement here:

https://brainly.com/question/41200926


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