Which of the Following Is an Example of an Agency

question 303

Multiple Choice

Which of the following is an example of an agency concerned with social regulation?

• A) Federal Communications Commission
• B) Securities and Exchange Commission
• C) Consumer Product Safety Commission
• D) Federal Energy Regulatory Commission

---

Definitions:

Mission Statement

A broad description of a firm’s objectives and the scope of activities it plans to undertake; attempts to answer two main questions.

Buying Center

A group of individuals within an organization who are involved in the decision-making process for making a purchase.

Buyer

The buying center participant who handles the paperwork of the actual purchase.

Purchase Order

A formal document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.