Back-Office Functions Include

question 75

Multiple Choice

Back-office functions include:

• A) customer interface
• B) supplier interface
• C) purchasing
• D) accounting

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Definitions:

Good Faith

An honest intention to act without taking unfair advantage over another party in a transaction.

Commercially Reasonable Manner

A standard requiring that actions taken in a business context comply with what a reasonable person would consider appropriate and fair in the same circumstances.

Merchant

An individual or company engaged in the buying and selling of goods or services in commerce, especially one dealing in a specific commodity or operating in a particular sector.

Special Knowledge

Extraordinary or advanced understanding and information in a particular field or subject, beyond that of the average person.