Question

What do policies on purchasing require?

a.

Long-term agreements with vendors or suppliers

b.

Looking for new vendors every six months

c.

Avoiding vested interests

d.

All of the above

Answer: (d).All of the above Explanation:Policies on purchasing may require long-term agreements with vendors or suppliers or looking for new vendors every six months or so, in order to avoid vested interests.

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Q. What do policies on purchasing require?

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