Question

Which section would perform cost analysis and contracting services?

1) Finance department
2) Human resources department
3) Legal department
4) Procurement department

Answer 1

The Procurement department is responsible for performing cost analysis and contracting services. This involves analyzing costs and negotiating contracts to ensure the best value for goods or services acquired by an organization.

Step-by-step explanation:

Cost analysis and contracting services are typically performed by the Procurement department. This department focuses on acquiring goods or services for the best possible value, and this process involves analyzing costs, negotiating contracts, and working with suppliers.

In contrast, while the Finance department handles overall financial management, the Human resources department is responsible for employee-related issues, and the Legal department deals with legal concerns and compliance.