Which of the Following Statements About Buying Centres Is True

question 42

Multiple Choice

Which of the following statements about buying centres is true?

• A) The buying centre is like a standing committee.
• B) The buying centre roles are specified on the organizational chart.
• C) The typical buying centre has five employees, one to assume each of the buying centre's roles.
• D) An individual's role in the buying centre does not change.
• E) The buying centre may involve informal participants who are not obvious to sellers.

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Definitions:

Certificate Of Deposit (CD)

A certificate that states there is a specific sum of money on deposit and guarantees the payment of a fixed interest rate after a certain period of time, usually seven days to ten years; deposits and withdrawals cannot be made with a CD.

Money Market Account

An account that pays a higher interest rate than other types of accounts, but usually requires a higher initial deposit and a higher minimum balance often with a limit on the number of transactions per month.

Statement Savings Account

A statement savings account is a type of savings account that provides the account holder with periodic statements, detailing transactions and balances.

Compounded Continuously

The theoretical concept where the interest on an investment is calculated and added to the principal continuously, leading to exponential growth.