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

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Definitions:

Residual Income

Residual Income (RI) is the net income an organization generates beyond the minimum rate of return on its investments.

Operating Assets

Assets that are used in the day-to-day operations of a business to generate income, including both current and long-term assets.

Net Operating Income

A financial metric that calculates a company's profitability by subtracting operating expenses from its total revenue, excluding taxes and interest.

Residual Income

The amount of income that an individual has after all personal debts and expenses have been paid.