The Main Objective of ____ Is to Prevent Purchases from Suppliers

question 30

Multiple Choice

The main objective of ____ is to prevent purchases from suppliers that are not on the approved list of sellers and eliminate the processing costs of purchases.

• A)horizontal markets
• B)e-procurement
• C)third-party exchange marketplaces
• D)trading partner agreements

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Definitions:

Foreign Currency

Money or currency of a country other than one's own, used for international trade or investment.

Extraordinary Item

Unusual and infrequent gains or losses that are distinct from the regular operations of a company, reported separately in financial statements.

Income Statement

A financial statement that reports a company's revenues, expenses, and net income over a specific period, showing profitability.

Special Item

Unusual or infrequent gains or losses not classified as extraordinary but significantly important to understand a company's financial health.