quiz 3 all good.docx

quiz 3 all good.docx - The purchasing manager is(a n for...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
The purchasing manager is (a) n ___________ for the firm. age nt The title purchasing agent is a ____________ term. generic legal From a legal standpoint, the term purchasing agent accurately defines the individual who deals with a third party for a principal. From a legal point of view, the following factors are associated with the appointment with one exception. And that exception is: The purchasing manager accepts the appropriate compensation for the position. The three types of purchasing authority are ________ authority, ________ authority, and __________ authority. express / implied / emergency Purchasing personnel routinely sign purchase orders and contracts committing the company to the specific terms and conditions of purchase orders and contracts. The purchasing official has no personal liability providing that the following requirements are met with one exception. That one exception that is not accurate is: The purchasing agent has a personal liability bond. Under the U.S. Commercial Code, an agreement is a legal transaction that requires all of the following components with one exception. Which one is not required?
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern