After a Purchase Requisition Is Approved, a ________ Must Be

question 33

Multiple Choice

After a purchase requisition is approved, a ________ must be initiated to purchase the goods or services.

• A) purchase order
• B) vendor order
• C) call order
• D) vendor invoice

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Definitions:

Specialization

The use of the resources of an individual, a firm, a region, or a nation to concentrate production on one or a small number of goods and services.

Total Output

The total amount of goods or services produced by an economy, industry, company, or individual over a specific period.

Continued Losses

Ongoing financial deficits where expenses exceed revenues over a period of time.

Distribution of Income

The way in which a nation’s total income is spread among its population, affecting economic stability and growth.