To Achieve the Overall Objective of the Purchasing Phase in the Expenditure

question 41

Multiple Choice

To achieve the overall objective of the purchasing phase in the expenditure cycle,an organisation needs to:

• A)Approve and authorise initiated purchases properly.
• B)Ensure that accepted goods and services must meet quality and delivery specifications.
• C)Record all purchase commitments and obligations accurately.
• D)All of the options are correct.

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Definitions:

Exocytosis

A process by which cells release substances to the external environment by vesicles fusing with the plasma membrane.

Secretory Vesicles

Membrane-bound vesicles containing substances that are to be secreted or transported out of the cell.

Plasma Membrane

The biological membrane that separates the interior of all cells from the outside environment, regulating the passage of substances in and out of cells.

Receptor-Mediated Endocytosis

A process by which cells internalize molecules (e.g., hormones, nutrients) by the inward budding of plasma membrane vesicles containing proteins with receptor sites specific to the molecules being internalized.