Please Indicate the Proper Sequence of the Acquisition Cycle

question 9

Multiple Choice

Please indicate the proper sequence of the acquisition cycle:
1. Approval of items for payment.
2. Authorized requisition for goods or services.
3. Cash disbursements.
4. Receipt of goods and services.
5. Authorized purchase of goods or services.

• A) 2, 5, 4, 1, 3
• B) 2, 4, 5, 1, 3
• C) 2, 1, 4, 5, 3
• D) 2, 5, 1, 4, 3

---

Definitions:

Taxes

Required financial obligations or other sorts of charges enforced on a taxpayer by a government agency for the purpose of funding governmental activities and several public spending.

Interest Rates

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender, indicative of the cost of borrowing.

Aggregate Demand

The overall demand for all the goods and services in an economy, reflecting the economic activity and consumer spending power.

Keynes's Followers

Individuals or economists who support or develop the theories of John Maynard Keynes, relating to government intervention in the economy to manage aggregate demand.