Reverse Auctions,trading Exchanges and Company Buying Sites Are All Ways

question 57

Multiple Choice

Reverse auctions,trading exchanges and company buying sites are all ways that companies can participate in ________.

• A)secure extranets
• B)product and service analysis
• C)vendor-managed inventory systems
• D)systems selling
• E)e-procurement

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Definitions:

Indorsement

An act of signing one's name on the back of a check or other negotiable instrument, thereby transferring the rights to another party.

Negotiation

The process by which two or more parties aim to reach a mutual agreement through dialogue and compromise on various issues.

Handwritten Signature

A person's unique method of writing their name with pen and paper, often used for authorization or personal verification.

Bearer Instrument

Any instrument that is not payable to a specific person, including instruments payable to the bearer or to “cash.”