Which of the following statements is TRUE about government purchases?
A) They require minimal information regarding product specifications.
B) The purchase process is very simple and less time-consuming.
C) The U.S. government is the single largest buyer of goods and services in the world.
D) Profitability is the fundamental driver in making these purchases.
E) These purchases often include an emotional component.

Question

Quizplus · Accepted Answer

The U.S. government is the single largest buyer of goods and services in the world, making this statement true. The other statements are false as government purchases often require extensive information and specifications, the purchasing process can be complex and time-consuming, profitability is not the primary driver for government purchases, and emotions are typically not considered in the decision-making process.

Which of the Following Statements Is TRUE About Government Purchases