Purchases of Goods and Services Based on Long-Term Contracts Best

question 72

Multiple Choice

Purchases of goods and services based on long-term contracts best defines

• A) direct materials.
• B) consolidation.
• C) spot buying.
• D) strategic sourcing.

---

Definitions:

Social Problems

Issues within a society that affect a significant number of its members and are considered undesirable, requiring management or resolution.

Dying

The process of approaching death or the cessation of life.

Death

The cessation of all biological functions that sustain a living organism, marking the end of life.

Annual Income

is the total amount of money earned by an individual, organization, or entity in one year, from all sources before taxes and deductions.