In Which of the Following Is a Person Performing the Role

question 138

Multiple Choice

In which of the following is a person performing the role of a gatekeeper?

• A)Dan decides on the product requirements and makes the final choice of suppliers.
• B)Leo has the authority to pick out the supplier and negotiate the terms of purchase.
• C)Liam heads the Tech team at LKG and provides information for evaluating the possible alternatives.
• D)LKG gets many calls from potential suppliers,and it is Leah's job to weed out the good prospects and refer them to others in LKG.
• E)Dana authorizes the actions of the deciders and buyers in LKG.

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Definitions:

Business Enterprises

Organizations engaged in commercial, industrial, or professional activities, aiming to generate profits from their operations.

CICA Handbook

The official guide published by the Canadian Institute of Chartered Accountants detailing accounting standards and practices in Canada.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB).

U.S. GAAP

United States Generally Accepted Accounting Principles, the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC) for financial reporting.