In the Purchasing Decision Process, the Major Role of ________

question 88

Multiple Choice

In the purchasing decision process, the major role of ________ is in selecting vendors and negotiating.

• A) gatekeepers
• B) buyers
• C) initiators
• D) approvers
• E) deciders

---

Definitions:

Factory Personnel

Workers or employees involved in the production processes within a manufacturing facility or plant.

Unearned Ticket Revenue

Income received by a company for goods or services to be delivered or performed in the future; it is considered a liability until the service is performed or goods are delivered.

Adjusting Entries

At the close of a fiscal period, entries recorded to assign revenue and costs to the actual period of occurrence.

Advance Rent

Prepaid rent, which is an amount paid prior to the period to which it relates, often accounted for as a current asset until the period to which the rent applies.