What is an Ad-Hoc Purchase?

An Ad-Hoc Purchase refers to an item that is bought specifically for a single and non-recurring use or purpose. This type of purchase typically arises in situations where a need is not anticipated or is unique to a specific circumstance, thus necessitating a one-time expenditure rather than an ongoing or repeated acquisition.

For example, if a company needs to acquire a specific piece of equipment for a short-term project that will not be repeated, this would fall under the category of an Ad-Hoc Purchase. The focus here is on the immediacy and singularity of the need, distinguishing it clearly from other purchasing strategies that involve long-term commitments or recurring needs.

Other options relate to different types of purchasing patterns, such as repeated use or ongoing supply contracts, and do not capture the essence of an Ad-Hoc Purchase which is defined by its singular nature.