A/An _____ is a contract purchase that is made on a continuing basis for a specified or indefinite period of time, typically exceeding one year.
A)one-time buy
B)short-term contract
C)spot contract
D)long-term contract
E)None of these answers.

Question

Quizplus · Accepted Answer

The definition provided fits the description of a long-term contract, which is a purchase agreement that extends beyond one year and can continue for a specified or indefinite duration. The other choices do not accurately match the given definition.

A/An _____ Is a Contract Purchase That Is Made on a Continuing