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