All of the Following Are Required Elements in a Purchase

question 10

Multiple Choice

All of the following are required elements in a purchase requisition except _____.

• A)quantity and date required
• B)estimated unit cost
• C)operating account to be charged
• D)authorized signature
• E)identification and approval of a supplier by the end user

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Definitions:

Gas Prices

The cost per unit (typically per gallon or liter) of gasoline, varying due to factors like crude oil prices, taxes, and supply and demand.

Profit Amount

The financial gain realized when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Shut-Off Valve

A type of valve designed to cut off the flow of liquids or gases within a pipeline system.

Household Damage

Damage or harm caused to the structure, contents, or occupants of a house due to various factors such as accidents, natural disasters, or wear and tear.