Which of the Following Is the First Step in the Purchasing

question 133

Multiple Choice

Which of the following is the first step in the purchasing and payment process?

• A)The purchaser receives the inventory and prepares a receiving report.
• B)The supplier ships the goods and sends an invoice to the purchaser.
• C)The purchaser sends a purchase order to the supplier.
• D)The purchaser sends a cheque to the supplier.

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Definitions:

Property Rights

The legal rights to possess, use, and dispose of land, buildings, goods, and other types of property.

Federal District Courts

The general trial courts of the United States federal court system where civil and criminal cases are filed, heard, and decided.

Courts Of Appeals

Intermediate appellate courts in the federal and state court systems that review and decide appeals from lower trial courts, ensuring the application of the law is consistent.

Acts Of Congress

Laws passed by the United States Congress, which consists of the Senate and the House of Representatives. Once signed by the President, these acts become statutory law.