Using A(n)_ ,A Company Puts Its Purchasing Requests Online and Invites

question 101

Multiple Choice

Using a(n) _ ,a company puts its purchasing requests online and invites suppliers to bid for the business.

• A)reverse auction
• B)trading exchange
• C)vendor- managed inventory system
• D)router
• E)intranet

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Definitions:

Asset Purchase

A transaction where a buyer acquires specific assets and liabilities from a seller rather than buying the company's stock.

Federal Law

Laws passed by the United States Congress and signed by the President. Federal laws apply throughout the country, overriding state laws where conflicts occur.

Domestic Corporations

Companies that are incorporated (i.e., formed under the corporate laws) in and operate within the country in which they were founded.

Board of Directors

A group of individuals elected to represent shareholders and govern the affairs of a corporation.