Which of the Following Departments Is Not a Part of the Purchasing

question 30

Multiple Choice

Which of the following departments is not a part of the purchasing process?

• A)Receiving
• B)Warehouse
• C)Cash Disbursements
• D)Accounts Payable

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Definitions:

Average Cost

The total cost of production divided by the quantity produced, measuring the cost on a per-unit basis.

Surplus

When the quantity supplied of a commodity surpasses the quantity demanded, often resulting in a decrease in price to balance the disparity.

Monopolist

An individual or entity that has exclusive control over the production and selling of a particular good or service.

Deadweight Loss

The decrease in economic effectiveness due to the inability to achieve or the unachievable status of market equilibrium for a specific good or service.