What is the objective of automated purchase approval?
The objective is to prevent unauthorized purchases from unapproved vendors. Computer logic, not a human being, decides when, what and from where to make purchases.
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Pyro Electronics was the only supplier of Torin Auto, and both companies wanted to do more business together. Pyro Electronics worked on its total quality management system and acquired more business, while Torin developed a just-in-time inventory management system to deliver goods timely to Pyro Electronics. Pyro Electronics and Torin have developed a ________.
A. strategic partnership B. hierarchical relationship C. functional relationship D. market exchange alliance E. relational partnership
________ is an agreement whereby the parties agree to accept something different in satisfaction of the original contract
A) Counteroffer B) Accord C) Promissory estoppel D) Mirror image acceptance
In most states, it is not necessary to record a deed for title to pass to the grantee
a. True b. False Indicate whether the statement is true or false
Two major types of authority used in organizational structural arrangements are:
a. rank and file b. functional and nonfunctional c. line and staff d. formal and informal e. necessary and extraneous