The following is true about a Purchase Order except:

The following is true about a Purchase Order except:

  1. It is a legally binding document
  2. It is used to request goods from a supplier
  3. It confirms payment has been made ✓
  4. It outlines the terms of the sale

Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.