TB Figure 12

question 93

Essay

TB Figure 12.11 is a partial flowchart for the purchasing process.There are selected symbols that must be filled in to complete the flowchart.Fill in the items with missing labels using a letter from A to J.

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Definitions:

Dollar Terms

Financial transactions or economic measurements that are denominated in the U.S. dollar currency.

Opportunity Cost

Opportunity cost is the value of the next best alternative foregone as the result of making a decision, essentially what you give up to get something else.

Benefits

Various forms of value or advantages that individuals or organizations receive, which can include health insurance, pensions, or profits.

Costs

The expenditure required to produce, acquire, or maintain a product or service, including materials, labor, and overhead expenses.