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What is spending?

Updated: 8/17/2019
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βˆ™ 13y ago

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Maverick spending refers to purchases made within an organization that are not in compliance with negotiated contract terms. For example, the corporate purchasing department negotiates a competitive fixed price for particular models of Company X laptop computers. Later, someone in Human Resource orders themselves a much more expensive model for which a discount was not negotiated.

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Hollis Langosh

Lvl 10
βˆ™ 1y ago
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βˆ™ 13y ago

Spending is paying money (or other form of exchange) to acquire a product or receive a service.

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