Which of the following statements is true?
A) Contract buying assures suppliers they have a given amount of business and commits them to
allocating that amount of their capacity to the customer.
B) In contract buying, price and delivery are negotiated each time an order is released.
C) EDI does not eliminate much of the paper work associated with buying.
D) Contract buying is useful for short term purchases.
A
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Bert believes that we are all our brothers’ keepers and that we should help those who are less fortunate than ourselves. Ernie, on the other hand, believes that people should be required to work in order to buy food and to have a place to live. Bert and Ernie are engaged in what type of conflict?
A. content conflict B. pseudoconflict C. ego conflict D. value conflict
In budgeting for cash receipts, management should take into account all but which of the following:
a. Changes in credit granting policies. b. Changes in economic conditions. c. Management should consider all of the above. d. Changes in the interest rate.
The responsibility for the fixed overhead volume variance should be assigned to:
a. the purchasing manager. b. the production manager. c. the human resource manager. d. the CEO. e. None of the answers are correct.
In determining the legality of a merger, a crucial consideration is market concentration
a. True b. False Indicate whether the statement is true or false