7 Which of the following is a reason for extended payment terms?

A. Governments loosened up rules on payment terms

B. Suppliers cannot deliver the same quality anymore since the credit crisis

C. The number of suppliers who can deliver the same product decreased

D. Restricted access to capital from banks

4. Which one of the following is NOT a way to increase efficiency in the purchase-to-pay process?

A. End-to-end responsibility for the full process

B Insurance of goods

C Creating low value channels

D Monitoring and measurement

5. Finish the following sentence. In the purchase-to-pay process resolving disputes is done to

A check if compliance to procedures, policies and contract terms took place.

B prevent balance sheet errors, by checking if the money spent equals the prices agreed upon with suppliers.

C get disagreements with suppliers about invoices out of the way to make payment possible.

D collect and present transaction information that can be used to improve payment efficiency and visibility.

6. Which one of the following is NOT a consequence of a delay of payment for suppliers?

A Limitations to customer segmentation process

B Reliance on alternative funding increases

C Financing daily operations can become problematic

D Limitations to investments