Which of the Following Is the Final Activity of the Procurement

question 23

Multiple Choice

Which of the following is the final activity of the procurement process at CBI after the implementation of SAP?

• A) approving a purchase requisition
• B) generating an invoice
• C) creating a goods receipt
• D) posting an outgoing payment

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Definitions:

Shrinkage

The loss of inventory that can occur from theft, damage, or errors in the counting or recording of stock.

Purchase Allowance

Purchase allowance is a reduction in the purchase price, granted by the seller to the buyer, often due to defects in goods or discrepancies in the order.

Sales Discount

A reduction from the listed price of goods or services, offered by sellers to buyers under specific conditions.