Which of the Following Statements Is True

question 89

Multiple Choice

Which of the following statements is true?

• A)Planned purchase orders are used for purchases made on approximate dates and in specified quantities when inventories run low.
• B)Standard purchase orders are used for long-term purchases on multiple dates over a period of time.
• C)Blanket purchase orders are used for one-time purchases.
• D)Blanket purchases are used for purchases made on approximate dates and in specified quantities when inventories run low.

---

Definitions:

Marginal Revenue

Marginal revenue is the additional income that is gained from selling one more unit of a good or service.

Marginal Cost

The change in the total cost that arises when the quantity produced is incremented by one unit.

Writing Skills

The ability to express ideas clearly and effectively through written language.

Well-written Document

A document that is clearly, accurately, and effectively articulated, often adhering to specific formatting and stylistic guidelines.