Certified Professional in Supplier Diversity (CPSD) Practice Test 5

A company is evaluating its supplier diversity initiatives and wants to measure the impact of its spending on diverse suppliers over the past fiscal year. The total procurement spend was $10 million, and the company spent $2 million on diverse suppliers. To assess the effectiveness of their supplier diversity program, they also want to calculate the percentage of total spend that went to diverse suppliers and compare it to the industry benchmark of 25%. What is the percentage of total spend that went to diverse suppliers, and how does it compare to the benchmark?