Deck 3: B: The Procurement Process

Question 1

One purchase requisition can be converted to more than one purchase order.

Answer 1

True

Question 2

A purchase order is associated with purchasing in the procurement process.

Answer 2

True

Question 3

An invoice is associated with purchasing in the procurement process.

Answer 3

False

Question 4

An invoice is a document that verifies that the specified goods have been received.

Question 5

A purchase requisition is a document that identifies the material needed,the quantity needed,and the date it is needed.

Question 6

A purchase requisition is a commitment to purchase the specified quantity of the specified material.

Question 7

The packing list is part of the invoice receipt step in the Purchasing Process.

Question 8

An invoice is associated with accounting in the procurement process.

Question 9

A purchase requisition is associated with purchasing in the procurement process.

Question 10

A packing list is associated with the warehouse in the procurement process.

Question 11

A goods receipt is a document that verifies that the specified goods have been received.

Question 12

A packing list is a document that provides details about the materials contained in the shipment.

Question 13

A purchase order is a document that provides details about the materials contained in the shipment.

Question 14

A packing list is associated with accounting in the procurement process.

Question 15

A purchase order is a commitment to purchase the specified quantity of the specified material.

Question 16

The packing list is part of the receive goods step in the Purchasing Process.

Question 17

A purchase order is associated with sales in the procurement process.

Question 18

A purchase requisition is associated with the warehouse in the procurement process.

Question 19

A purchase order is a document that identifies the material needed,the quantity needed,and the date it is needed.

Question 20

A three-way match is necessary before payment is made.

Question 21

One purchase requisition can be converted to only one purchase order.

Question 22

Under the term "FOB shipping point," the seller "owns" the material once it is shipped.

Question 23

Under the term "FOB shipping point," the buyer "owns" the material once it is shipped.