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:

Mental Speed

The rapidity with which an individual can process information, make decisions, and solve problems.

IQ Scores

Quantitative measures of intelligence, often based on standardized tests, designed to assess human cognitive abilities in relation to an age group.

Raven's Progressive Matrices

A nonverbal group test typically used to measure abstract reasoning and is regarded as a test of general intelligence.

Glucose Metabolism

The series of biochemical processes that involve the breakdown, synthesis, and transformation of glucose in the body, vital for producing energy.