Which of the Following Best Describes Routine Purchases Made from the Same

question 87

Multiple Choice

Which of the following best describes routine purchases made from the same suppliers used in the past?

• A)straight rebuys
• B)modified rebuys
• C)new-task purchase
• D)repetitive purchase

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Definitions:

Potted Plant

A plant that is grown or displayed in a pot or other container, rather than planted in the ground.

Liability

Anything that is owed to other people or institutions.

Stockholders

Individuals or entities that own shares in a corporation, making them partial owners of the company and entitling them to dividends and voting rights.

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, taxes, and costs.