Which of the Following Is the First Step in the Purchasing

question 51

Multiple Choice

Which of the following is the first step in the purchasing and payment process?

• A) The purchaser receives an invoice for the goods shipped by the supplier.
• B) The purchaser sends a check to the supplier.
• C) The purchaser sends a purchase order to the supplier.
• D) The purchase receives the inventory and prepares a receiving report.

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Definitions:

Capacity Decision

Decisions related to the amount of resources needed by an organization to meet changing demands for its products.

Process-focused Shop

A production facility organized around processes to facilitate low-volume, high-variety production.

Repetitive Focus

A production strategy where the same products or services are produced in high volumes over a long period using a dedicated set of resources.

Variable Costs

Expenses that vary in relation to the amount of work performed or quantity of products made, including labor and materials.