Which of the Following Is Not an Objective of the Purchasing

question 5

Multiple Choice

Which of the following is not an objective of the purchasing process?

• A)Fastest possible processing of payments to vendors
• B)Maintaining vendor records
• C)Forecasting cash outflows

---

Definitions:

Operational Plans

Detailed, short-term plans that outline how to achieve tactical objectives and daily operations of an organization.

Financial Plans

Detailed strategies outlining the allocation and management of funds to achieve specific financial goals or objectives.

Scenario Planning

A strategic planning method that organizations use to envision and develop strategies for multiple future scenarios.

Dynamic Environment

A situation or setting that is constantly changing and requires organizations or individuals to adapt quickly to new challenges and opportunities.