Once a Purchase Request Is Approved,what Is the Next Step

question 105

Multiple Choice

Once a purchase request is approved,what is the next step?

• A)The system creates a purchase order.
• B)The accounts payable department approves the purchase request,creating a purchase order.
• C)The inventory master file is accessed to find the preferred supplier(s).
• D)The department that created the purchase request may buy the requested item(s).

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Definitions:

Managing and Coordinating

The processes of directing, overseeing, and orchestrating activities within an organization to achieve predetermined objectives.

Minimum Efficient Scale

Minimum efficient scale is the smallest scale of production at which a firm can achieve long-term average costs that are as low as possible.

Output Level

The amount of products or services that a business or sector generates during a specific period.

Plant Sizes

Refers to the scale or capacity of manufacturing or production facilities, impacting output, efficiency, and economies of scale.