The principal business objectives of the purchasing process are acquiring goods and services and paying for those goods and services.
Answer the following statement true (T) or false (F)
True
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Preferred stock that limits stockholders to receiving only the stated amount as a dividend is called:
A. Cumulative preferred stock. B. Participating preferred stock. C. Nonparticipating preferred stock. D. Callable preferred stock. E. Convertible preferred stock.
E-mation, Inc hires Marvin to steal trade secrets from one of its competitors for $10,000 . Marvin demands half of the money up front. E-mation pays Marvin $5000 but Marvin decides not to pursue theft of the trade secrets. E-mation sues Marvin for the return of the $5000 . What will the court do with this contract?
a. The court will order Marvin to return the $5000. b. The court will order Marvin to return the $5000 with interest. c. The court will order Marvin to obtain the trade secrets. d. The court will not do anything to help E-mation get its money back.
Which one of the following is considered to be an appraisal cost?
A) cost of quality audits B) cost of supplier programs C) cost of rework D) cost of process design
Oliana is a partner in Pacific Traders. In the majority of states, with respect to any partnership obligations that Oliana does not participate in, know about, or ratify, Oliana would be liable for
a. none of the obligations. b. all of the obligations, jointly and severally. c. all of the obligations, jointly but not severally. d. only the contractual obligations.