Which of the Following Statements About the Types of Organizational

question 54

Multiple Choice

Which of the following statements about the types of organizational purchases is true?

• A) Straight rebuys have a long time frame.
• B) Modified rebuys have a very short time frame.
• C) New task purchases involve many suppliers.
• D) Straight rebuys involve many suppliers.

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Definitions:

Ownership Transfer

The process by which ownership rights of a property or business are transferred from one party to another.

Unlimited Liability

Unlimited Liability means that the owners of a business are personally responsible for all of the debts of the business, without any limit on the amount for which they might be liable.