Which of the Below Represents Procurement as Part of the Support

question 289

Multiple Choice

Which of the below represents procurement as part of the support value activities in a value chain analysis?

• A)Purchases inputs such as raw materials, resources, equipment and supplies.
• B)Applies MIS to processes to add value.
• C)Distributes goods and services to customers.
• D)Promotes, prices, and sells products to customers.

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Definitions:

Payroll Bank Account

A dedicated bank account used exclusively for processing payroll and related transactions, ensuring accurate tracking of wages and taxes.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations based on its current income, indicating financial health and stability.

Short-term Note Payable

A debt obligation due within a short period, typically less than one year, representing a written promise to pay a specified sum of money.

Merit Rating

An evaluation system that rates the performance or credit rating of an individual or entity.