Daya Worked at a Museum

question 79

Multiple Choice

Daya worked at a Museum. Her computer broke down. She let Charles at Tech Support know who recommended an Acer PC. The head of the museum signed off on the purchase and Doris at purchasing actually put the order through. What are these people part of?

• A)the buying centre
• B)the stakeholder committee
• C)the ad hoc purchasing staff
• D)the board of directors

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Definitions:

Equipment

Tangible property used in the operation of a business, such as machinery, computers, and furniture, often subject to depreciation over its useful life.

Current Cash Distribution

Current Cash Distribution refers to the amount of cash distributed to the investors or partners of a business at the present time.

Long-term Capital Gains

Profits from the sale of an asset held for more than a year, generally taxed at lower rates than ordinary income.

Ordinary Income

Income earned from providing services or the sale of goods, typically subject to standard tax rates, as opposed to income classified as capital gains.