In a Merchandising Firm,authorization for the Purchase of Inventory Is

question 41

Multiple Choice

In a merchandising firm,authorization for the purchase of inventory is the responsibility of

• A)inventory control
• B)purchasing
• C)accounts payable
• D)cash disbursements

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Definitions:

NPV

Net Present Value, a financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to assess the profitability of an investment.

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Internal Rate of Return

A financial metric used to estimate the profitability of potential investments through a percentage rate return.

Mutually Exclusive Projects

Projects or investment options where the acceptance of one option necessarily excludes the others from consideration due to constraints such as budget.