A Major Control Benefit of a Centralized Purchasing Department Is

question 57

True/False

A major control benefit of a centralized purchasing department is the segregation of the authorization function from the custody and recording functions.

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Definitions:

APA

American Psychological Association, known for its writing format standard; or Administrative Procedure Act, governing the process by which federal agencies develop and issue regulations.

Interpretative Rules

Regulations or guidelines issued by administrative agencies to explain how the agency interprets and intends to apply the laws and regulations it enforces.

Binding

Creating a legal obligation or enforceability, as in contracts or agreements.

Chief Administrators

High-ranking officials who manage and oversee the operations of government agencies or departments.