Which One of the Following Duties Should Not Be Assigned

question 32

Multiple Choice

Which one of the following duties should not be assigned the purchases department?

• A)Finding the lowest cost vendor
• B)Reviewing vendors' catalog descriptions and prices for standardized items
• C)Designing the purchase order form
• D)Authorizing the acquisition of goods

Understand the risks and costs associated with issuing securities, including underpricing and direct issuance costs.

Grasp the significance of the venture capitalist's exit strategy, financial strength, and success history on the decision-making process.

Identify the reasons behind the underpricing of IPOs.

Acknowledge the active role and expectations of venture capitalists in the management and ownership of financed firms.

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Definitions:

Deontologist

A philosopher or ethics scholar who believes in deontology, a theory that suggests actions are right if they are in accordance with a set of duties and rules.

Manufacturing Plant

A facility equipped with machinery for the processing and production of goods or materials.

Workers' Rights

A set of legal rights and claimed human rights having to do with labor relations between workers and their employers, usually obtained through collective bargaining and labor legislation.

Free Market Capitalism

An economic system where prices for goods and services are determined by the open market and consumers, with minimal governmental intervention.