The Purchasing Strategy in Which the Purchasing Company Orders a Particular

question 83

Multiple Choice

The purchasing strategy in which the purchasing company orders a particular part from several vendors is

• A)sole sourcing.
• B)multiple sourcing.
• C)just-in-time sourcing.
• D)backup sourcing.
• E)parallel sourcing.

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Definitions:

Consolidated Financial Statements

Combined financial statements of a parent company and its subsidiaries, showing the financial results and financial position as if the group were a single entity.

Common Stock

Equity ownership in a corporation, granting shareholders voting rights and a share in the company's profits via dividends, pertaining to the fundamental stake in the company’s equity.

Cash Dividend

A distribution of profits by a corporation to its shareholders in the form of cash.