Multiple Choice
Which of the following statements is false?
A) Payment for goods and services typically makes the largest demand on an organization's cash.
B) Most commonly, after a purchase order has been approved, a manager will then deal with vendors directly.
C) The order for goods and services has traditionally been in the form of a paper purchase order that is mailed to a vendor.
D) Purchasing personnel are responsible for periodically reviewing the file records and following up on unfilled orders.
Correct Answer:

Verified
Correct Answer:
Verified
Q65: What are some of the key reports
Q66: What documents the receipt of goods?<br>A) Receipt
Q67: Providing managers with budgets delegates authority to
Q68: Define electronic data interchange (EDI). List 3
Q69: Financial planners want an aging that monitors
Q71: Which of the following describes the best
Q72: What are listings of the cash disbursements
Q73: Warehouse personnel are responsible for periodically reviewing
Q74: Competitive bidding is a relatively uncomplicated procedure
Q75: Rarely is there a deficiency in the