A Small Police Department Wants to Buy a Machine with Which

question 190

Multiple Choice

A small police department wants to buy a machine with which it can perform alcohol breath tests.It has never had this capability before but feels it is an essential tool as the community grows.The machine costs about $5,000,which is almost 75 percent of the department's entire supply budget.This purchase would be an example of a(n) _____ situation.

• A) extensive buying
• B) low-involvement buying
• C) new-buy
• D) modified-rebuy
• E) straight-rebuy

---

Definitions:

Profit-Sharing

A compensation strategy where employees receive a share of the company's profits, typically as a supplement to their regular income.

Lump-Sum Payments

A single payment made at a particular time, as opposed to multiple payments made over a period of time.

Employee Stock Ownership Plan

A plan that helps employees purchase stock in their employing companies.

Gain-Sharing

A compensation strategy where employees receive additional financial benefits from the company's performance improvements.