All of the Following Are Recommended Purchasing Practices EXCEPT

question 13

Multiple Choice

All of the following are recommended purchasing practices EXCEPT:

• A)having the same person responsible for purchasing and receiving.
• B)assigning responsibility for receiving to a specific person.
• C)weighing items in at time of delivery.
• D)comparing quality of delivered product to specifications.

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Definitions:

Horizontal Analysis

A method of financial analysis in which figures in financial statements are compared across several periods to identify trends or changes over time.

Dollar Changes

Refers to the difference in value or cost in U.S. dollars of an item, investment, or project over time.

Quick Ratio

A liquidity ratio that measures a company’s ability to meet its short-term obligations with its most liquid assets, excluding inventory.

Current Ratio

A metric assessing a firm's capacity to meet its obligations due in less than a year by converting assets into liquid cash swiftly.