It Is Important to First Understand the Two Broad Purchasing

question 25

Multiple Choice

It is important to first understand the two broad purchasing categories of purchasing materials, goods, and services in order to fully appreciate the role of e-purchasing.The two major purchasing categories are __________ and _________ materials.

• A) direct / indirect
• B) custom / common
• C) regular / irregular
• D) hard / soft
• E) finished / raw

---

Definitions:

Dividend

A portion of a company's earnings distributed to shareholders, usually in the form of cash or stock.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.

Shipping Charge

A fee imposed by a carrier for the handling and transportation of goods from one location to another.

U.S. Dollars

The official currency of the United States, used as a standard unit of money and backed by the federal government.