Vendor Analysis Is A(n)

question 69

Multiple Choice

Vendor analysis is a(n)

• A) analytic processing of requests to buy something from a vendor.
• B) formal rating of suppliers on all relevant areas of performance.
• C) analytic processing of requests to sell something to a vendor.
• D) request to buy something.
• E) written description of what the firm wants to buy.

---

Definitions:

General Ledger

A comprehensive record of all financial transactions over the life of a company, used to compile financial statements.

Cash Receipts

The accumulation of funds, usually through cash or checks, garnered by a company from its operational activities.

Accounts Payable

The amount of money a company owes to its suppliers or creditors for goods or services purchased on credit.

Subsidiary Posting

The process of transferring entries from the journal to the individual ledger accounts, often for the purpose of detailed accounting and tracking.