Which of the Following Departments Is Not a Part of the Purchasing

question 30

Multiple Choice

Which of the following departments is not a part of the purchasing process?

• A)Receiving
• B)Warehouse
• C)Cash Disbursements
• D)Accounts Payable

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Definitions:

Generate Lower Costs

The process or strategy aimed at reducing production or operational expenses to enhance profitability.

Equity Carve-Outs

A corporate strategy of creating a new, independent company through the sale or distribution of new shares of an existing part of the company to external or existing shareholders.

EMH

Efficient Market Hypothesis, the theory that all known information is reflected in stock prices and that it is impossible to consistently outperform the market through expert stock selection or market timing.

Law Of One Price

The rule stipulating that equivalent securities or bundles of securities must sell at equal prices to preclude arbitrage opportunities.