Which of the following explains 'Purchasing Authority'?
A) This allows a manager to legally bind their company to an external partner.
B) This allows a manager to legally bind their company to an internal partner.
C) This allows a manager to link their company to an external partner.
D) This allows a manager to legally bind their external partner.

Question

Which of the following explains 'Purchasing Authority'? 
A) This allows a manager to legally bind their company to an external partner. 
B) This allows a manager to legally bind their company to an internal partner. 
C) This allows a manager to link their company to an external partner. 
D) This allows a manager to legally bind their external partner.

Quizplus · Accepted Answer

Purchasing authority refers to the power or ability of a manager to make purchases on behalf of their company and legally bind the company to the terms and conditions of the purchase agreement with an external partner. It does not involve internal partners or binding external partners to a company.

Which of the Following Explains 'Purchasing Authority