Which of the Following Is a Significant Risk Related to Purchasing

question 33

Multiple Choice

Which of the following is a significant risk related to purchasing?

• A)Competitive bids are not required for purchases below a specified dollar amount.
• B)Purchase orders are generated electronically.
• C)Purchasing agents may enter into kickback arrangements with vendors.
• D)All of the above are significant risks.

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Definitions:

Key Goals

Fundamental objectives or targets that an entity, such as an individual or organization, aims to achieve.

Social Distance

The degree of acceptance or rejection individuals exhibit towards others or groups, which can influence social interactions.

Familiar

Well-known or easily recognized, often through frequent exposure or acquaintance.

Political Frame

A viewpoint emphasizing the power dynamics, competition, and conflicting interests within organizations or in political scenarios.