MODULE 19

Question 1

it is the mark of the purchasing process

Answer 1

ENQUIRIES

Question 2

these stablish the relationship with the supplier

Answer 2

ENQUIRIES

Question 3

contains vital information regarding the requirements which include price, delivery details, payments terms, etc.

Answer 3

QUOTATIONS

Question 4

the buyers show the intention to purchase the required item by issuing the purchase order

Answer 4

ORDER

Question 5

buyer’s point of view

Answer 5

PURCHASE ORDER

Question 6

seller’s point of view

Answer 6

SALES ORDER

Question 7

it is a commercial document that indicates the product, the ordered quantity, and the agreed price.

Answer 7

INVOICES

Question 8

are statutory requirements used during purchase and sales interactions

Answer 8

DOCUMENTS

Question 9

is a document for requesting prices and delivery information from a vendor before the purchase order.

Answer 9

PURCHASE QUOTATIONS

Question 10

is a part of the list that a company keeps from whom they purchase their supplies

Answer 10

PREFFERED VENDOR

Question 11

is a document which shows that the seller has already accepted the orders issued by the buyer

Answer 11

PURCHASE ORDER

Question 12

the request of the approval is sent to the first approver when the document fails to meet the approval requisites

Answer 12

APPROVAL PROCESS