Buying Organizations Can Be Segmented Based on the Stages of the Procurement

question 106

True/False

Buying organizations can be segmented based on the stages of the procurement process, such as new-task or straight rebuy.

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Definitions:

Disbursement Float

The time lag between when a check is issued and when the funds are actually withdrawn from the issuer’s account.

Clear

To finalize or settle a transaction or an obligation, especially in the context of financial transactions.

Disbursement Float

The time difference between the issuance of a payment and when the funds are actually debited from the payer’s account.

Cheques

A written, dated, and signed instrument that contains an unconditional order directing a bank to pay a definite sum of money to a payee.