E-Procurement (Or E-Purchasing)involves the Use of the Internet to Enable

question 90

True/False

E-procurement (or e-purchasing)involves the use of the Internet to enable senior management to interact with employees in the purchasing department.

Identify different forms of digital communication and their purposes.

Distinguish between various types of e-commerce.

Recognize the role and impact of social networking sites and professional networks in digital communication.

Understand the concepts of web security and privacy policies.

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Definitions:

Investment Account

An account held at a financial institution, brokerage, or investment firm that holds securities, cash, and other assets for investment purposes.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on part of the corporation's profits.

Retained Earnings

The portion of a company's profits that is kept or retained rather than paid out to shareholders as dividends, typically used for reinvestment in the business, paying off debt, or other purposes.