The acquisition cycle begins with the receipt of goods and services and ends with their payment as reflected in cash disbursements.

Name: The acquisition cycle begins with the receipt of goods and services and ends with their payment as reflected in cash disbursements.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The acquisition cycle begins with the identification of a need and ends with the receipt of goods and services. The payment is part of the cash disbursement cycle, which is separate from the acquisition cycle.

The Acquisition Cycle Begins with the Receipt of Goods and Services