The buyer has the formal authority to select a supplier and to implement the procedures for securing the good or service.
Indicate the answer choice that best completes the statement or answers the question.

Question

Quizplus · Accepted Answer

The buyer is typically responsible for selecting a supplier and following the procedures for procuring the desired product or service. This typically involves formal authority and decision-making power within the organization.

The Buyer Has the Formal Authority to Select a Supplier