Which of the Following Applications Focuses on Developing the Most

question 37

Multiple Choice

Which of the following applications focuses on developing the most efficient and effective sourcing and procurement processes with suppliers for the products and services needed by a business?

• A)Customer relationship management
• B)Enterprise resource planning
• C)Knowledge management
• D)Supply chain management

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Definitions:

Presentment

A demand for acceptance or payment of a negotiable instrument made upon the maker, acceptor, or drawee by or on behalf of the holder of the instrument.

Instrument

A legal document formally evidencing an obligation or right, such as checks, promissory notes, or securities.

Holder

A person who is in possession of a negotiable instrument that is issued or indorsed to that person’s order or to bearer.

Negotiable Instrument

A written document that is signed by the maker or drawer and that contains an unconditional promise or order to pay a certain sum of money on delivery or at a definite time to the bearer or to order.