Which of the Following Best Explains Public Procurement 'Dynamic Purchasing

question 3

Multiple Choice

Which of the following best explains public procurement 'dynamic purchasing system'? 

• A) A constantly changing purchasing system. 
• B) A system for ordering non-standard items on an irregular basis. 
• C) An electronic process for invoicing suppliers. 
• D) An electronic process facilitating buying standard goods and services.

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Definitions:

Withdraw Every Six Months

A financial term that refers to the process of taking money out of an account or investment at semiannual intervals.

Investment Account

An account that holds financial assets such as stocks, bonds, mutual funds, or other investments managed by a financial institution or individual.

Present Values

Present Values represent the current value of a future sum of money or stream of cash flows given a specified rate of return.

Annuities

Financial products that provide regular payment streams, typically for retirement income, over a defined period of time.