1. An engineer, a production supervisor, a secretary, and a purchasing agent have been asked to participate in the purchase of a new piece of machinery for the firm. This cross-functional team in the purchase decision-making process is referred to as the:
A. buying center.
B. purchasing office.
C. purchasing hierarchy.
D. resource center.
E. buying institution.
2. The federal government’s _________ determines the budget deficit and therefore determines the government’s demand for loanable funds.
monetary policy
fiscal policy
congressional policy
economic policy