The Open Purchase Order File in the Purchasing Department Is

question 50

Multiple Choice

The open purchase order file in the purchasing department is used to determine

• A)the quality of items a vendor ships
• B)the best vendor for a specific item
• C)the orders that have not been received
• D)the quantity of items received

---

Definitions:

Consumer Protection

Laws and measures designed to safeguard consumers from unfair, deceptive, or harmful practices in the marketplace.

Cooling-Off Period

A legally designated time frame during which a buyer can cancel a purchase or contract without penalty.

Repudiate

The rejection or refusal to acknowledge or pay a debt, or the denial of the validity of a contract.

Credit-Reporting Agencies

Organizations that collect, maintain, and provide information about the credit history of individuals and businesses to potential creditors.