Jim Parker, Purchasing Manager for the Boston Motor Works, Is

question 71

Multiple Choice

Jim Parker, Purchasing Manager for the Boston Motor Works, is involved in many organizational buying decisions each year. The forces that influence Jim's organizational buying decisions might be broadly classified as:

• A)economic, organizational, group, and legal.
• B)group, environmental, individual, and organizational.
• C)organizational, cultural, environmental, and economic.
• D)legal, political, organizational, and group.
• E)organizational, domestic, legal, and international.

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Definitions:

Unamortized Patent

The portion of a patent's purchase cost that has not yet been expensed through amortization in the income statement.

Consolidation

The process of combining financial statements of separate subsidiaries, divisions or entities within an organization into a single, comprehensive financial statement.

Buildings Account

An account in the financial statements that represents the value of a company's buildings as assets.

Unamortized Patent

The cost of a patent that has not yet been gradually written off as an expense over its useful life.