The Systems Manager of an Organization Issues an Order to the Purchasing

question 12

Multiple Choice

The systems manager of an organization issues an order to the purchasing manager for the purchase of 15 new desktop computers. This is an example of a(n) ________.

• A) procurement order
• B) purchase requisition
• C) purchase order
• D) itemized bill

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Definitions:

Investment Account

A financial account held at a financial institution that holds securities, cash, and other assets for investment purposes.

Goodwill

An asset without physical form that is generated when one company buys another at a price greater than the fair value of the acquired company's net assets that can be identified.

Equity Method

The equity method is an accounting technique used to record investments in associate companies, where the investment is initially recognized and subsequently adjusted for the investor's share of the net profits or losses of the investee.

Intra-entity Transactions

Financial transactions that occur within the same legal entity, or between divisions within a single company.