Which of the Following Statements Is True

question 2

Multiple Choice

Which of the following statements is true?

• A) in contract buying, price and delivery are negotiated each time an order is released.
• B) contract buying assures suppliers they have a given amount of business and commits them to allocating that amount of their capacity to the customer
• C) contract buying is useful for short term purchases
• D) EDI does not eliminate much of the paper work associated with buying

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Definitions:

Symbolic Notation

The use of symbols or abbreviations to represent specific objects, operations, or relationships in various academic fields, particularly mathematics and logic.

Atomic Components

The smallest parts of a system that have no further subdivision within the context of a specific model or theory.

Symbolic Notation

Use of symbols to represent information, often used in mathematics and logic.

Premises

The initial statements or propositions in an argument from which conclusions are logically derived; the foundational basis for further reasoning.