AST Computers Purchases Most of Its Parts from Several Suppliers

question 111

Multiple Choice

AST Computers purchases most of its parts from several suppliers and then assembles products based on customer specifications.The company's hard drive supplier's contract will expire soon and AST intends to shop around for a new supplier.The purchasing process could involve all except which of the following?

• A) market research
• B) description
• C) sampling
• D) negotiation
• E) inspection

---

Definitions:

Economists

professionals who study the production, distribution, and consumption of goods and services, and analyze economic issues and trends.

Mortgage-backed Security

A type of asset-backed security that is secured by a collection of mortgages, allowing investors to gain exposure to the home loans market without directly lending to borrowers.

Federal Reserve

The central banking system of the United States, responsible for implementing the country’s monetary policy and regulating its financial institutions.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable changing while holding others fixed.