Purchasing Quiz 09/96

by Dr. Kenneth H. Killen, C.P.M.

Originally published in the September 1996 "Buylines"

1. A dollar saved in the purchase price is always a dollar saved for the buyer's company?
   T or F

2. A purchaser has a reasonable time to reject a shipment or it will be presumed to have been accepted by silence?
   T or F

3. A trade discount is usually granted for the purpose of protecting channels of distribution?
   T or F

4. A cash discount is a reduction given to a buyer assuming certain distribution responsibilities of the seller?
   T or F

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