Which of the Following Is a Primary Function of the Purchasing

question 24

Multiple Choice

Which of the following is a primary function of the purchasing department?

• A)Reducing expenditures for goods acquired.
• B)Verifying the propriety of goods acquired.
• C)Ensuring the acquisition of goods of a specified quality.
• D)Authorising the acquisition of goods.

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Definitions:

Court Precedent

A legal decision made by a court that serves as an example or rule to be followed in future similar cases.

Insurance

A financial agreement where individuals or entities receive protection or reimbursement against losses from an insurer, in exchange for premium payments.

Exculpatory Clause

A contract term that releases one party from liability for harm or damage that might occur to another party, often found in service agreements and waivers.

Insane Person

Refers to an individual with severe mental illness to the point where they cannot understand the nature or consequences of their actions.