When the Staff Accountant Enters a Correct Customer Number,the Data

question 37

Multiple Choice

When the staff accountant enters a correct customer number,the data entry screen displays the customer name and address.This is an example of

• A)prompting.
• B)preformatting.
• C)closed-loop verification.
• D)error checking.

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Definitions:

B2B Markets

Marketplaces where transactions are conducted between businesses rather than between businesses and consumers.

Straight Rebuy

Describes a routine repurchase of the same goods or services without modification, often made by businesses from previous suppliers.

Buying Process

The series of steps a consumer goes through, from recognizing a need or desire to the final purchase decision, including information search, evaluation of options, and post-purchase evaluation.

Modified Rebuy

A buying situation where an organization makes changes to its previous purchase orders, involving modifications in product specifications, prices, or suppliers.