Which of the Following Is the Best Example of an Organizational

question 47

Multiple Choice

Which of the following is the best example of an organizational buyer?

• A)a mother buying milk for her young son
• B)a computer programmer buying the latest game for his Xbox.
• C)a store owner buying hand-painted slate signs to sell in her store
• D)a botanist buying a rose bush for his home garden
• E)a parent buying a softball glove for a daughter

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Definitions:

Conservatism

In accounting, it is a principle that requires potential expenses and liabilities to be recognized immediately, but revenues only when they are ensured.

Indirect Planning Assumptions

Presumptions made about external factors that could influence an organization's planning, without direct control over them.

Direct Planning Assumptions

Fundamental assumptions that are explicitly stated and used as a base in the strategic planning and forecasting processes.

Financial Ratios

Financial Ratios are quantitative measures derived from a company's financial statements to assess its performance, efficiency, profitability, and financial health.