A Form Used with a Business by the Requesting Department

question 72

Multiple Choice

A form used with a business by the requesting department asking the purchasing department to buy specific goods is called a

• A) purchase order.
• B) purchase requisition.
• C) purchase invoice.
• D) debit memorandum.

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Definitions:

Millions

A numeric unit indicating one thousand thousand (1,000,000) of any quantity.

Net Working Capital

The difference between a company’s current assets and its current liabilities, indicating short-term financial health.

Taxable Income

The amount of income subject to tax, after all deductions and exemptions are taken into account.

Net Capital Spending

The total spending on fixed assets less the proceeds from the sale of fixed assets, indicating a company's investment in physical assets.