_____ Is a Functional Group (I

question 79

Multiple Choice

_____ is a functional group (i.e. ,a formal entity on the organizational chart as well as a functional activity (i.e. ,buying goods and services) .

• A)​Engineering
• B)​Purchasing
• C)​Quality assurance
• D)​Logistics
• E)​Treasury operations

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Definitions:

Consumption

The employment of goods and services by domestic units.

Savings

The portion of disposable income not spent on consumption of goods and services, set aside for future use or for investment.

Disposable Income

The financial resources available to a household for saving and spending after subtracting income taxes.

Consumption

The part of income or the amount of wealth that is used for purchasing goods and services for personal use.