CHAPTER 5

Question 1

is prepared and sent to the prepare purchase order function to initiate the purchase process

Answer 1

purchase requisition

Question 2

is prepared for each vendor

Answer 2

purchase order

Question 3

includes the name and address of the primary supplier, the economic order quantity of the item, and the standard or expected unit cost of the item

Answer 3

valid vendor files

Question 4

contains no quantity or price information about the products being received

Answer 4

blind copy

Question 5

it states the quantity and condition of the inventories

Answer 5

receiving report

Question 6

contains the financial information needed to record the transaction

Answer 6

supplier’s invoice