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1.The purpose of the purchase requisition is to

a.

order goods from vendors

b.

record receipt of goods from vendors

c.

authorize the purchasing department to order goods

d.

bill for goods delivered

2.All of the following departments have a copy of the purchase order except

a.

the purchasing department

b.

the receiving department

c.

accounts payable

d.

general ledger

3.The purpose of the purchase order is to

a.

order goods from vendors

b.

record receipt of goods from vendors

c.

authorize the purchasing department to order goods

d.

approve payment for goods received

4.The open purchase order file in the purchasing department is used to determine

a.

the quality of items a vendor ships

b.

the best vendor for a specific item

c.

the orders that have not been received

d.

the quantity of items received

5.The reason that a blind copy of the purchase order is sent to receiving is to

a.

inform receiving when a shipment is due

b.

force a count of the items delivered

c.

inform receiving of the type, quantity, and price of items to be delivered

d.

require that the goods delivered are inspected

6.The receiving report is used to

a.

accompany physical inventories to the storeroom or warehouse

b.

advise the purchasing department of the dollar value of the goods delivered

c.

advise general ledger of the accounting entry to be made

d.

advise the vendor that the goods arrived safely

7.When a copy of the receiving report arrives in the purchasing department, it is used to

a.

adjust perpetual inventory records

b.

record the physical transfer of inventory from receiving to the warehouse

c.

analyze the receiving department's process

d.

recognize the purchase order as closed

8.The financial value of a purchase is determined by reviewing the

a.

packing slip

b.

purchase requisition

c.

receiving report

d.

supplier's invoice

9.In a merchandising firm, authorization for the payment of inventory is the responsibility of

a.

inventory control

b.

purchasing

c.

accounts payable

d.

cash disbursements

10.In a merchandising firm, authorization for the purchase of inventory is the responsibility of

a.

inventory control

b.

purchasing

c.

accounts payable

d.

cash disbursements

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