Multiple Choice
Which of the following is true of assigning responsibility for purchasing?
A) Generally, one person should be given the overall purchasing responsibility.
B) The authority to order should only be with the business owner.
C) The person assigned the responsibility should not ask for help.
D) Responsibility for purchasing should not be assigned to anybody in case of stockouts.
Correct Answer:

Verified
Correct Answer:
Verified
Q49: The Federal Acquisition Streamlining Act prohibits government
Q50: _ is an integrated-coordinated system of activities
Q51: Close coordination between the owner and the
Q52: When inventory level determines the time to
Q53: Most small businesses are successful in purchasing
Q55: There is no way to avoid carrying
Q56: What is the advantage of using multiple
Q57: The ideal inventory level exists when items
Q58: Summarize the costs of carrying inventory.
Q59: _ are sales lost because an item