The Duties of the Purchasing Agent Would Include All of the Following

question 73

Multiple Choice

The duties of the purchasing agent would include all of the following except:

• A)Placing purchase orders.
• B)Counting and identifying materials received.
• C)Compiling information that identifies vendors and prices.
• D)Verifying invoices and approving them for payment.

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Definitions:

Investment Centers

Parts of an organization with direct control over investments and revenues, and responsibility for generating profits, often evaluated through return on investment (ROI) measures.

Profit Centers

Sections or branches of a business that are responsible for generating revenue and are evaluated based on their profitability.

Cost Centers

Parts of an organization that do not directly produce revenue but incur costs, for which managers are responsible for controlling expenses.

Centralized Business Organization

A management structure where decision-making authority is concentrated at the top levels of the organization, with few people responsible for making decisions and setting policies.