The Purchasing Cycle Ends When the Purchasing Department Is Notified

question 51

Multiple Choice

The purchasing cycle ends when the purchasing department is notified that:

• A)an order has been placed.
• B)potential suppliers have been identified.
• C)the supplier has been paid.
• D)the supplier has been selected.
• E)the order has been received.

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Definitions:

Production workers

Individuals involved in the manufacturing process of goods, responsible for operating machinery, assembling products, and performing quality checks.

Currency Exchange Rates

The monetary value of one currency in the form of another during conversion.

Equivalent Amount

A sum of money that has the same value as another, especially in different currencies or at different times, adjusted for factors like inflation.

First Column

In data presentation or spreadsheet context, this refers to the initial column on the left side, often used for the primary classification or identification of rows.