The Term for the 20% of Business Supply Spending Unrelated

question 84

Multiple Choice

The term for the 20% of business supply spending unrelated to core corporate functions that is not consistently ordered from the same suppliers is ___________.

• A) corporate generic spending
• B) third-party spending
• C) corporate tail spend
• D) accessory spend

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Definitions:

Promissory Note

A written promise to pay a specified amount of money to a person or entity under agreed conditions.

Holder in Due Course

A legal term referring to a person who has received a negotiable instrument in good faith and for value, thereby having certain protections against defects in the instrument's title.

Shelter Rule

A legal principle in commercial law that allows a person who acquires goods in good faith to obtain certain rights even if the transferor of those goods did not have authority to sell.

Negotiation

A dialogue between two or more parties, aimed at reaching a mutual agreement or resolving a dispute over a particular issue or contract.