One Purpose of a Requisition Is

question 4

Multiple Choice

One purpose of a requisition is:

• A)to request or requisition supplies from external suppliers.
• B)to give users a way to authorize buyers to acquire goods and services.
• C)to clarify the description of need before communicating with potential suppliers.
• D)to solicit price quotes for goods or services from suppliers.
• E)to give finance a way to have the final say in any decision to spend money.

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Definitions:

Australian Dollar

The currency of Australia, often represented by the symbol AUD in financial transactions.

S&P 500 Index

A U.S. stock market index that measures the stock performance of 500 prominent companies listed on the NYSE or NASDAQ, using their market caps.

April Futures Price

The agreed-upon price for a futures contract that is set to settle in April, representing the price of an asset at that future date.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.