The Internal Document Prepared by a Department Manager That Informs

question 83

Multiple Choice

The internal document prepared by a department manager that informs the purchasing department of its merchandise needs and requests that the merchandise be purchased is the

• A)Purchase requisition.
• B)Purchase order.
• C)Invoice.
• D)Receiving report.
• E)Invoice approval.

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Definitions:

Liability

The state of being legally responsible for something, typically involving debt or legal obligations.

Landlord

An individual or entity that owns a property and rents it out to tenants in exchange for a periodic payment.

Exculpatory Clause

A clause that releases a contractual party from liability in the event of monetary or physical injury, no matter who is at fault.

Covenant Not to Compete

A legal agreement where one party agrees not to enter into or start a similar profession or trade in competition against another party.