A straight rebuy involves:
A) re-ordering raw materials from the same vendor
B) buying materials from a new vendor
C) seeking bids from a new vendor because of dissatisfaction with the current supplier
D) purchasing a new building for an expansion project

Question

Quizplus · Accepted Answer

A straight rebuy involves re-ordering from the same vendor without any changes or adjustments in the order. It is generally done for regularly purchased items such as raw materials or office supplies. Buying from a new vendor or seeking bids from a new vendor would involve additional evaluation and decision-making, making them not a part of a straight rebuy. Purchasing a new building for expansion is not related to purchasing materials and supplies, making it also not a part of a straight rebuy.

A Straight Rebuy Involves