All the Members of the Expert Committee at an Automobile

question 60

Multiple Choice

All the members of the expert committee at an automobile firm reached a collective agreement and supported the proposal submitted by a vendor.This is an example of a(n) :

• A)autocratic buying centre.
• B)consensus buying centre.
• C)consultative buying centre.
• D)democratic buying centre.
• E)modified buying centre.

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Definitions:

Public Accountants

are certified professionals who provide accounting services, including auditing, tax advice, and financial planning, to the public.

GAAP Standard

Generally Accepted Accounting Principles, the set of accounting standards used in the United States to ensure accuracy and consistency in financial reporting.

Relevance

The degree to which something is related or useful to what is happening or being talked about.

Statement Of Cash Flows

Statement showing the sources and uses of cash during a period of time.