CompTIA A+ 220-1202 (V15) Practice Question

A procurement life cycle provides a structured, end-to-end framework for acquiring goods and services-from identifying a need and sourcing suppliers to receiving, paying for, and record-keeping the purchase. Managing the entire cycle helps control costs, reduce risk, and ensure compliance with internal policies and external regulations.

Incorrect options each describe activities that may occur within asset or financial management, but none represent the comprehensive, end-to-end focus of the procurement life cycle.