Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 21 What three pieces of information are required for a 3-way match prior to vendor payment? A. Bill of material, receipt log and packing

QUESTION 21 What three pieces of information are required for a 3-way match prior to vendor payment? A. Bill of material, receipt log and packing slip B. Purchase order, receipt documents, and invoice C. Purchase order, receipt log and packing slip D. Purchase requisition, DD1149 and invoice Correct Answer: QUESTION 22 Why is proof of receipt critical for donated property? A. Affects audit readiness B. Affects donor's taxes C. Affects records accuracy D. Affects the organization's profit margins Correct Answer: QUESTION 23 Which is an advantage of having a Centralized Receiving structure? A. Cross-training of staff B. Storage of classified deliveries C. Delivery turnaround time D. Handling of over-sized deliveries Correct Answer: QUESTION 24 What provides a way to trace items that may have been misplaced or stolen during the receiving process? A. Sponsor documentation B. Receiving report C. Receiving voucher log D. Carrier's freight bill Correct Answer: QUESTION 25 What is a key factor used to determine if Decentralized Receiving is the best option for an organization? A. Volume of deliveries B. 3-way matching for vendor payment C. Access to the property records D. Organizational structure of the company Correct Answer: QUESTION 26 What critical step must be completed BEFORE signing delivery documentation? A. Verify shipment to purchase order B. Verify the shipper's credentials C. Inspect shipment for overages/shortages D. Inspect shipment for damage Correct Answer: QUESTION 27 Who, in addition to Property Management and the End User, requires a copy of the receiving documentation? A. Facilities B. Accounting C. Security D. Contracts Correct Answer: QUESTION 28 Where would receiving personnel find specific guidelines and procedures for the handling of hazardous materials? A. Contract section J B. Federal Acquisition Regulation part 45 C. Code of Federal Regulations 29 and 40 D. Statement of work Correct Answer: QUESTION 29 Which hazardous material is defined as: susceptible to catching fire when exposed to air, moisture, friction or moderate heat? A. Flammable solids B. Corrosive liquids C. Flammable liquids D. Flammable gases Correct Answer: QUESTION 30 What process establishes custody and accountability? A. Requisitioning B. Receiving C. Purchasing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics And Strategy

Authors: Jeffrey M. Perloff, James A. Brander

3rd Edition

0134899709, 978-0134899701

More Books

Students also viewed these Economics questions