The Purchasing Department Should Make Sure That Only Authorized Goods

question 73

True/False

The purchasing department should make sure that only authorized goods are received,the goods meet order specifications,an accurate count of the goods received is taken,and that accountability is established to assure that all receipts are recorded.

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Definitions:

Variable Costs

Expenses that change in proportion to the activity or volume of a business.

Brand Equity

The value and strength of a brand that is determined by consumer perception, recognition, and loyalty.

Stakeholder Orientation

An approach in business where a company takes into account the interests and concerns of all parties affected by its operations, including customers, employees, shareholders, and the community.

Secondary Stakeholders

Individuals or groups indirectly affected by a project's outcome or business operations, unlike primary stakeholders who are directly impacted.