There Are Seven Commonly Used Organizational Buying Criteria

question 138

Multiple Choice

There are seven commonly used organizational buying criteria. One of them is

• A)adaptability.
• B)consumer demand.
• C)ability to meet required delivery schedules.
• D)senior management directives.
• E)adherence to corporate social responsibility policies.

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Definitions:

Biweekly Salaries

Compensation paid to employees on a two-week basis, typically resulting in 26 pay periods per year.

Fiscal Period

A specific time frame, such as a month, quarter, or year, used for financial accounting and reporting purposes.

Salary Expense

The total expense incurred by a company to compensate its employees on a salaried basis during a specific period.

Salaries Payable

An account recording the amount owed to employees for services rendered but not yet paid.