In the Item Procurement Importance Matrix, What Item Is Described

question 29

Multiple Choice

In the Item Procurement Importance Matrix, what item is described as low risk, low value?

• A) generics
• B) commodities
• C) criticals
• D) distinctives

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Definitions:

Wage Expense

The total cost incurred by a company for employee services, including salaries, wages, bonuses, and other compensation.

Wages Payable

An account representing the total amount owed to employees for work performed that has not yet been paid.

Cash Outflows

Money that is spent or invested, flowing out of a business or individual's account.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.