Which of the following is part of the purchasing cycle?
(I)Purchasing selects a supplier.
(II)Orders from vendors are received.
(III)Purchasing receives a requisition.

Question

Quizplus · Accepted Answer

All three steps, (I) Purchasing selects a supplier, (II) Orders from vendors are received, and (III) Purchasing receives a requisition, are part of the purchasing cycle, encompassing the process from identifying the need for a product or service to the receipt of the order.

Which of the Following Is Part of the Purchasing Cycle