The Goal of a Proper Purchasing System Is to Ensure

question 5

True/False

The goal of a proper purchasing system is to ensure the efficient transmission of information from the users to the purchasing personnel,and ultimately,to the suppliers.

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Definitions:

Unknown Quantity

An undetermined or unspecified value in mathematics that needs to be solved or identified.

Fraction Form

Fraction form is a way to represent numbers by showing how many parts of a whole are there, typically written with one number over another, separated by a line.

Proportion

A relationship between two quantities denoting their ratio.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.