GE Operates a Company Trading Site Where It Posts Purchasing

question 7

Multiple Choice

GE operates a company trading site where it posts purchasing needs, invites bids, negotiates terms, and places orders. This is an example of a(n) ________.

• A) company buying site
• B) intranet link
• C) search engine
• D) trading exchange
• E) reverse auction

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Definitions:

Limited Government

A governing philosophy where governmental power is restricted by law, often in order to protect citizens' freedoms and rights.

Direct Relief Payments

Money given directly from the government to individuals or families in need, without intermediaries, often aimed at reducing poverty or providing emergency assistance.

New Deal Philosophy

The set of government policies introduced by President Franklin D. Roosevelt in the 1930s to recover from the Great Depression.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, sewage, water, and electric systems necessary for a society to function.