Purchases of Goods and Services Based on Long-Term Contracts Is

question 31

Multiple Choice

Purchases of goods and services based on long-term contracts is referred to as ________.

• A)direct materials
• B)consolidation
• C)spot buying
• D)strategic sourcing

---

Definitions:

Labor Force

The total number of people employed or seeking employment in a country or specific economic context.

Women

Female human beings, often discussed in context relating to their roles, rights, and experiences in society.

Controlling

Monitors performance and takes any needed corrective action.

Resources

Assets, materials, and other necessities available to individuals or organizations to achieve specific goals or carry out particular activities.