A Purchase Order Issued by One Firm to Another Is

question 42

Multiple Choice

A purchase order issued by one firm to another is generally considered a(n) :

• A) offer.
• B) acceptance.
• C) first step in negotiations.
• D) request for a proposal.

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Definitions:

Cash Price

The amount of money required to purchase an item or service outright without financing.

Compounded Quarterly

Refers to the process of calculating interest on an investment or loan where the interest is added to the principal amount four times a year.

Interest

Money paid at a particular rate for the use of borrowed funds or for delaying the repayment of a debt.

Ethnic Assimilation

The process by which individuals or groups of differing ethnic heritage are absorbed into the dominant culture of a society.