Which of the Following Occurs When Some Element,such as Price

question 1

Multiple Choice

Which of the following occurs when some element,such as price or delivery schedules,has changed in a client-supplier relationship?

• A)straight rebuy
• B)new task rebuy
• C)modified rebuy
• D)new buying situation

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Definitions:

Possession

The state or fact of owning or having control over something, either physically or legally.

Full Payment

The complete settlement of an amount due, leaving no balance.

Assignment

The transfer of a debtor’s property to an Official Receiver under a voluntary assignment in bankruptcy.

Amount Owing

The total sum of money that is due or payable to another party.