Procurement Cards Differ from Corporate Credit Cards in Which of the Following

question 12

Multiple Choice

Procurement cards differ from corporate credit cards in which of the following ways?

• A)Credit limits can be set for procurement cards,but not corporate credit cards.
• B)Credit cards can be used to make purchases without an explicit sign off by supervisors,but procurement cards require a sign off.
• C)Procurement cards can only be used with approved vendors,but credit cards can be used anywhere.
• D)Procurement card invoices are sent separately for each card,whereas corporate credit cards are consolidated into a single invoice.

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Definitions:

Growth Rate

The rate at which a company, economy, or investment grows over a specific period, often expressed as a percentage.

Financial Leverage

Financial leverage is the use of borrowed funds to increase an investment's potential return, which also increases the risk of loss.

Dividend Discount Model

A method of valuing a company's stock price by using predicted dividends and discounting them back to present value.

Myron Gordon

An economist best known for developing the Gordon Growth Model, which is used to determine the intrinsic value of a stock based on a future series of dividends that grow at a constant rate.