A Purchase Order Is Sometimes Called a ________

question 22

Multiple Choice

A purchase order is sometimes called a ________.

• A) forecast
• B) digital certificate
• C) quote
• D) RFP
• E) purchase agreement

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Definitions:

Contingency Reserves

Allocated resources, time, or funds kept in reserve to address potential unforeseen obstacles or costs in a project.

Budget Baseline

The original approved plan for the project's budget against which project performance can be monitored and controlled.

Last Moment

A point in time immediately before a deadline or significant event, often associated with high stress or urgency.

Transferring

The act of moving risks or responsibilities from one party to another, often used as a risk management strategy.