Which of the Following Is Used for Long-Term Purchases on Multiple

question 17

Multiple Choice

Which of the following is used for long-term purchases on multiple dates over a period of time?

• A)blanket purchase order
• B)standard purchase order
• C)planned purchase order
• D)electronic purchase order

---

Definitions:

Diffusion

The process by which an innovation is communicated through certain channels over time among the members of a social system.

R&D

Short for Research and Development, involving investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and procedures.

Invention

The creation of a new product, system, or process that has never before been made and is recognized as the product of some unique insight.

Basic Research

Research aimed at gaining more comprehensive knowledge or understanding of the subject without targeted applications towards processes or products.