A Form of Purchasing That Is Placed Directly to the Supplier

question 20

Multiple Choice

A form of purchasing that is placed directly to the supplier and suitable when firms use the same components to make standard goods over a relatively long period of time is referred to as:

• A)Material Requisition
• B)Purchase Requisition
• C)Planned Order Release
• D)Traveling Requisition

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Definitions:

Special Property Interest

A legal right or claim to real estate or property that grants certain uses or privileges to the holder beyond simple ownership.

Trial Sale

A temporary, conditional sale of a product to a customer, allowing the customer to test and evaluate the product before making a final purchase decision.

Transfer of Title

The process of legally changing ownership of a property from one entity or person to another.

Sales Transaction

A financial exchange or transfer of goods, services, or assets between two or more parties.