Presented Below Is a List of Terms Relating to Accounting

question 41

Short Answer

Presented below is a list of terms relating to accounting information systems,followed by definitions of those terms.
Required: Match the letter next to each definition with the appropriate term.Each answer will be used only once.
________ 1.Purchase requisition
________ 2.Procurement
________ 3.Approved vendor list
________ 4.Blind count
________ 5.Purchase order
________ 6.Attribute rating
________ 7.Request for quotation
________ 8.Receiving report
________ 9.Invoice verification
________ 10.Voucher package
A.Counters in receiving do not have access to quantities shown on purchase orders.
B.Document used to request a purchase
C.A summary of vendors approved for use by the purchasing function
D.A collection of documents that are reviewed and approved to authorize a transaction
E.An approach to vendor selection which identifies,lists,and evaluates several different aspects concerning a vendor
F.Prepared to document the receipt of deliveries from vendors
G.The document issued to a vendor to initiate a purchase
H.The business process of selecting a source,ordering,and acquiring goods or services
I.The review of purchasing documentation prior to authorizing payment to vendors
J.Documents used to request competitive bids from vendors

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Definitions:

Real Estate

Property consisting of land and the buildings on it, along with its natural resources, such as crops, minerals, or water.

Variability

The extent to which data points in a statistical distribution or dataset differ from each other.

Real Estate

Real estate refers to property consisting of land and the buildings on it, along with its natural resources, and is subject to transactions like buying, selling, or renting.

Coefficient

A constant or numerical value that comes before and multiplies a variable in an expression of algebra.