If an item is considered to be low value, low risk, and has a large number of potential suppliers, it is typically classified in the leverage sourcing category.
<h3><u>What does a category of leverage sourcing mean?</u></h3>
The term "leverage sourcing category" is used in the procurement process to describe goods that have a variety of low-risk sources of supply. In most cases, it is assumed that using leverage will result in high expenditures and possible procurement savings.
<u>What roles do the various categories of leveraged sourcing play?</u>
- Grouping of the items to be purchased to aid in negotiations
- Reduce costs by making use of a market that is competitive.
- It aids in developing automatic supplier interfaces to cut down on process costs.
Learn more about the leverage sourcing category with the help of the given link:
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Answer:
a. sale price exceeds the book value of the asset sold.
Explanation:
The gain recognized when the sale price is exceeded than the book value i.e
Gain recognized = Sale price - book value
where
Sale price is the selling price of the asset
And, the book value is the carrying value of the asset
Book value = Acquired value of an asset - accumulated depreciation
Hence, the option a is correct
Cash on hand is the most liquid asset. Money in a savings account is a popular liquid asset and is very easy to withdraw and more liquid than a loan to a business.