Which of the Following Products Would Be Bought Using Purchasing

question 141

Multiple Choice

Which of the following products would be bought using purchasing specifications?

• A) 100 gallons of Du Pont brand muriatic acid.
• B) 1,000 700MB CD-Rs.
• C) 50 pounds of number 10 USX nails.
• D) all of the above.
• E) none of the above.

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Definitions:

Sales Forecasts

Predictions about the future sales performance of a company or product, based on market analysis and historical sales data, used for planning purposes.

Budget Manual

A budget manual is an organized, documented set of procedures and guidelines that an organization uses to prepare its budgets, aiming to standardize the budgeting process.

Strategic Plans

Long-term goals and objectives of an organization, along with the action plan to achieve them, focusing on overall direction and long-term growth.

Cash Budget

A financial plan that outlines expected cash inflows and outflows over a specific period, including income and expenses.