Bob Chum is the sales manager at Folding Squid Technologies. At lunch with the company CEO, he proudly announced that he had negotiated a(n) ________ with a client that defined a long-term commitment to buy components from Folding Squid.
A) purchase order
B) blanket purchase order
C) evaluated receipt settlement
D) voucher
Answer: B) blanket purchase order
You might also like to view...
Seller Charlie sold his home through a real estate broker. The broker agreed verbally with Charlie that he would find him an acceptable place to live when the sale was completed. The home sold, but broker does not keep his promise to the seller. Under these circumstances, the:
a. seller can withdraw from the purchase offer due to the broker not finding him another home as promised. b. seller has the option of trying to recover damages in a court action against the broker. c. seller has no recourse because the contract was not in writing. d. buyer can back out of the sales transaction.
Based on Fayol's principles, specialization says that each and every organizational employee should have one supervisor
Indicate whether the statement is true or false