The acquisition cycle begins with which of the following?
A)A payment.
B)A purchase order.
C)A requisition.
D)A receiving report.

Question

Quizplus · Accepted Answer

The acquisition cycle typically starts with a requisition. This is a request made by a department or individual within an organization for approval to purchase goods or services. Once the requisition is approved, a purchase order is issued, followed by the receipt of goods, a receiving report, and ultimately payment.

The Acquisition Cycle Begins with Which of the Following