A/An _____ is defined as a contract purchase that is routinely made over a relatively limited time horizon, typically one year or less.
A)short-term contract
B)alliance
C)spot contract
D)long-term contract
E)partnership

Question

Quizplus · Accepted Answer

A short-term contract is defined as a contract purchase that is routinely made over a relatively limited time horizon, typically one year or less. The other options such as alliance, partnership, and long-term contract refer to different types of business arrangements and are not necessarily limited in time. A spot contract, on the other hand, refers to a purchase or sale of a commodity or asset for immediate delivery or settlement.

A/An _____ Is Defined as a Contract Purchase That Is