Which of the Following Is Not a Sub-Plan of the Purchasing

question 14

Multiple Choice

Which of the following is not a sub-plan of the purchasing plan? 

• A) The purchased materials budget. 
• B) The purchased budget indirect materials. 
• C) The consumables budget. 
• D) The purchasing departmental budget.

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Definitions:

Defined Contribution Plans

Pension plans in which the employer is committed to making contributions according to a fixed formula.

Defined Contribution Plan

A retirement plan where an employer, employee, or both make contributions on a regular basis, with future benefits dependent on investment performance.

Risk-free Return

The theoretical return on an investment with no risk of financial loss, typically associated with government bonds.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in finance to gauge the return volatility of an investment.