Which of the Following Better Explains 'Buying Process

question 15

Multiple Choice

Which of the following better explains 'Buying Process'? 

• A) Includes determining the purchasing needs, selecting the supplier, arriving at a proper price, specifying terms and conditions, issuing the contract or order, and following up to ensure proper delivery and payment. 
• B) Includes selecting the supplier, specifying terms and conditions, issuing the contract or order, and following up to ensure proper delivery and payment. 
• C) Includes determining the purchasing needs, selecting the supplier, issuing the contract or order, and following up to ensure proper delivery and payment. 
• D) Includes determining the purchasing needs, selecting the supplier, arriving at a proper price, specifying terms and conditions and issuing the contract or order.

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Definitions:

Cash (Net) Realizable Value

The net amount a company expects to receive in cash.

Maturity Value

The amount payable to an investor at the end of a debt instrument's holding period or maturity.

Maturity Date

The specified date when the final payment of a loan, bond, or other financial instrument is due to be paid.

Note Dated

Note dated refers to the date on which a promissory note or other financial document was issued or signed, marking the start of when the agreement takes effect.