A/An _____ Is an Agreement That Typically Covers Many Different

question 25

Multiple Choice

A/An _____ is an agreement that typically covers many different items that can be purchased under the same purchase order number, thereby minimizing repetitive paperwork in the purchasing department for relatively low-cost items.

• A)annual contract
• B)national contract
• C)blanket order
• D)national buying agreement
• E)corporate agreement

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Definitions:

Capital

Wealth in the form of money or other assets owned by a person or organization or available for purposes such as starting a company or investing.

Equity Investment

involves purchasing shares of a company, thus obtaining ownership interest in that company.

Management Team

A group of individuals at the top level of an organization who are responsible for its overall direction and strategy.

Investors

Individuals or institutions that allocate capital with the expectation of receiving financial returns, typically through investments in securities, real estate, or other assets.