Which of the Following Are Not Elements of a 'Purchase

question 14

Multiple Choice

Which of the following are not elements of a 'Purchase (order) specification'? 

• A) Unit price specifications 
• B) Quality specifications. 
• C) Target budget 
• D) Logistics specifications.

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Definitions:

Money Supply

The sum of monetary holdings in an economy, which includes cash, coins, and the balances in checking and saving accounts, at a specific instant.

Standard of Value

A criterion that allows the value of various goods and services to be compared.

Store of Value

A store of value is an asset that maintains its value over time without depreciating, allowing it to be saved, retrieved, and exchanged at a later time.

Medium of Exchange

A mediating tool or mechanism that enables the buying, selling, or exchanging of products among individuals or groups.