For Routine Orders,the Decider Is Usually

question 131

Multiple Choice

For routine orders,the decider is usually

• A)the buyer or purchasing manager.
• B)the CEO.
• C)the COO.
• D)the head of R&D.
• E)the customer.

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Definitions:

Trade Credit

A type of commercial financing in which a customer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Commercial Paper

A short-term, unsecured debt security that corporations issue, primarily to fund payroll, accounts payable, and inventory needs.

Bank Loans

Debt provided by banking institutions that is repayable over a set period of time with interest.

Pledged

Assets that are promised or committed as security for the fulfillment of a debt or an obligation.