When Purchasing Miscellaneous Supplies,companies Can Reduce Costs,improve Efficiency,and Combat Employee

question 48

Multiple Choice

When purchasing miscellaneous supplies,companies can reduce costs,improve efficiency,and combat employee fraud by using

• A)procurement cards.
• B)a JIT inventory system.
• C)credit cards.
• D)debit cards.

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Definitions:

Fiscal Year

A government's or organization's financial year used for accounting purposes, which may not necessarily align with the calendar year.

Multiplier

In economics, a factor by which a change in spending will be magnified in the overall economy, affecting output and income levels.

MPC

Marginal Propensity to Consume, which measures the proportion of additional income that an individual spends on consumption.

Aggregate Demand

The complete appetite for goods and services in an economy, marked by an overarching price level throughout a specified duration.