The _____ in an Organization's Buying Center Has the Formal

question 51

Multiple Choice

The _____ in an organization's buying center has the formal or informal power to select or approve the supplier that receives the contract in an organization.

• A)initiator
• B)influencer
• C)user
• D)decider

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Definitions:

Reverse Order

A method of arranging or presenting items so that the last becomes first and the first last.

Last-In, First-Out

An inventory valuation method where the costs of the most recently produced or purchased items are the first to be expensed.

Receiving Report

A document used to record the receipt of goods from a supplier, noting quantities and condition of the items received.

Retail Inventory Method

The retail inventory method is an accounting practice that estimates the ending inventory balance of a retailer by using the cost to retail price ratio.