The Surplus Section on an Individual's Cash-Flow Statement Is Similar

question 3

True/False

The surplus section on an individual's cash-flow statement is similar to net profit for a business.

---

Definitions:

Environmental Considerations

Factors related to the natural environment that are taken into account in decision-making and business practices.

Procurement Outsourcing

The practice of hiring external organizations to manage procurement functions to save costs and improve efficiency.

Source-to-Contract

Encompasses the entire procurement process from identifying potential suppliers to negotiating and finalizing contracts with chosen suppliers.

Procure-to-Pay

An end-to-end process in the procurement function that starts with sourcing and ends with payment for the procured goods or services.