The delivery of goods or provision of contracted services places the organization under an obligation to pay the vendor.

Name: The delivery of goods or provision of contracted services places the organization under an obligation to pay the vendor.
Brand: Quizplus
Rating: 4.8 (56 reviews)

Question

Quizplus · Accepted Answer

When an organization receives goods or services from a vendor, they are obligated to pay the vendor for those goods or services as they have received a benefit from them. This is part of the normal business transaction process. Hence, the statement is true.

The Delivery of Goods or Provision of Contracted Services Places