The Most Common Use for Eprocurement in Its Early Stages

question 37

Multiple Choice

The most common use for eprocurement in its early stages was for the purchase of:

• A) corporate travel services.
• B) computer equipment.
• C) office supplies and MRO items.
• D) raw materials.
• E) automotive parts.

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Definitions:

Globalization

The method of engaging and combining efforts among individuals, corporations, and governments across the globe.

Direct Write-off

A method of accounting for bad debts where specific uncollectible accounts receivable are written off against income at the time they become uncollectible.

Bad Debt Expense

The operating expense incurred because of the failure to collect receivables.

Uncollectible

Refers to amounts due to a company that it considers unlikely to be collected from debtors.