A Problem with the Rapidly Expanding Use of E-Purchasing Is

question 13

Multiple Choice

A problem with the rapidly expanding use of e-purchasing is that it ________.

• A)can erode established customer-supplier relationships
• B)saves less time than expected
• C)generates more transactions to document
• D)generates less cost savings than predicted
• E)reduces the amount of time purchasing people can spend on strategic issues

---

Definitions:

Gain or Loss

The financial result from a transaction, determined by subtracting the cost from the revenue, indicating profit or deficit.

Short-Term Stock Investments

Investments in publicly traded stocks intended to be held for a short duration, typically less than one year, for the purpose of earning quick profits.

Fair Value

The estimated market price of an asset or liability, reflecting the amount for which it could be exchanged or settled between knowledgeable, willing parties in an arm's length transaction.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.