Which of the Following Is the Best Example of an Organizational

question 111

Multiple Choice

Which of the following is the best example of an organizational buyer?

• A) a mother buying milk for her young son
• B) a computer programmer buying the latest game for his PlayStation 3
• C) a store owner buying hand-painted slate signs to sell in her store
• D) a botanist buying a rose bush for his home garden
• E) a parent buying a softball glove for a daughter

Understand terms and conditions of financial contracts concerning interest calculations.

Develop skills in calculating the effective annual rate from given simple interest situations.

Calculate the principal amount of a loan based on accrued interest and loan term.

Determine the maturity value of investments and loans, including term deposits and overdue invoices.

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Definitions:

Claude Henri Saint-Simon

A French social theorist and one of the chief founders of Christian socialism, advocating for a society led by intellectuals and industrialists to improve conditions for the poor.

The Middle-Ages

A period in European history from the fall of the Roman Empire in the West (5th century) to the start of the Renaissance (14th-15th century).

George Simmel

A German sociologist and philosopher known for his analyses of modern urban life, social structures, and the philosophy of money.

Macro-Level

Analysis or perspectives that focus on large-scale systems, structures, or processes within societies or organizations.