The Policies and Procedures That Employees Follow When Completing the Purchase

question 17

Multiple Choice

The policies and procedures that employees follow when completing the purchase of goods or materials, capturing vendor data and purchase quantities, and routing the resulting purchasing documents to the proper departments within the company are called:

• A)Systems
• B)Processes
• C)Activities
• D)Requisitions

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Definitions:

Treasury Note

A type of U.S. government debt security with a fixed interest rate and maturity between two to ten years.

Eurodollar

U.S. dollar-denominated deposits at foreign banks or foreign branches of American banks, used widely in international lending and financing.

LIBOR

The London Interbank Offered Rate, a benchmark interest rate at which major global banks lend to one another.

Money Markets

Financial markets for short-term borrowing and lending, typically dealing with assets that mature in less than one year.