Which of the Following Is NOT an Operational Decision to Be

question 49

Multiple Choice

Which of the following is NOT an operational decision to be made in the expenditure cycle?

• A)Deciding which suppliers provide the best quality and service at the best prices.
• B)Identifying if sufficient cash is available to take advantage of any discounts suppliers have offered.
• C)Determining how payment can be made to suppliers in order to maximise cash flow.
• D)Determining whether expenditure business processes align with overall business strategy.

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Definitions:

Entrepreneurs

Individuals who, rather than working as employees, run a business and assume all the risks and rewards of a given business venture, idea, or good or service offered for sale.

Allocative Efficiency

A state of resource distribution where resources are allocated in a way that maximizes the total benefit received by all members of society.

Purely Competitive Industry

An industry characterized by many small firms producing identical products, where no single firm can influence the market price.

Demand

The volume of goods or services that consumers are prepared and financially able to buy at a range of prices within a set period.