McqMate
| Q. |
In Settlement Phase |
| A. | the goods or services are paid for. Relevant transactions include invoicing, payment authorisation, payment, and remittance advice transmission. |
| B. | the buyer and seller are concerned with the gathering of market intelligence. |
| C. | a formal relationship is established between buyer and seller, including terms and conditions to be applied to transactions under the contract. |
| D. | this involves the placement and processing of purchase orders (or, in contractual terms, an offer), and acknowledgement by the seller of its preparedness to deliver (in contractual terms, an acceptance). |
| Answer» A. the goods or services are paid for. Relevant transactions include invoicing, payment authorisation, payment, and remittance advice transmission. | |
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