Acquisition and payment processes What are the five major phases of the acquisition and payment process?
The five phases of the acquisition and payment process are:
1 . Requisition for goods or services.
2 . Purchase of goods or services according to company policies.
3 . Receipt of goods and services.
4 . Approval of items for payment.
5 . Cash disbursements.
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As consumers age, which of the following generally happens?
A) consumption halts B) life stages stabilize C) income level increases D) demand decreases E) market diversity increases
Which of the following is an accurate statement about the diversity of the American population?
A) African Americans represent the largest non-white segment of the population. B) Asian Americans make up the most affluent U.S. ethnic subculture. C) The Asian American percentage of the population is expected to remain steady in the next 50 years. D) Ethnic minorities account for more than half of the population in only a handful of America's biggest cities. E) American ethnic populations are expected to slowly decrease in the next few decades.
A growing trend to "Buy American" has caused U.S. automakers to increase political pressure on Washington to pass legislation for more restrictive quotas on Japanese car imports. In addition, a decline in the value of the U.S. dollar would be instrumental in Toyota's decision to build a manufacturing plant in the United States instead of continuing to export cars from Japan. If Toyota builds the plant, its decision would reflect
A. a proactive maneuver to manipulate and impact the social environmental force. B. a positive result from regulatory and economic environmental forces. C. a negative impact as a result of adverse competitive, regulatory, and technological environmental forces. D. a positive response to a technological environmental force. E. a reactive strategy that would impact the competitive environmental force.
A ________ is an interest a creditor automatically obtains when he or she extends credit to a consumer to purchase consumer goods
A) purchase money security interest B) cumulative security interest C) future advance monetary interest D) default interest