The first major business activity in the expenditure cycle is

A$)$ ordering inventory, supplies, or services.

B$)$ a customer sale.

C$)$ shipping goods to customers.

D$)$ receiving goods from vendors

To accomplish the objectives set forth in the expenditure cycle, a number of key decisions must be addressed. Which of the decisions below is not ordinarily found expenditure cycle?

A$)$ How can cash payments to vendors be managed to maximize cash flow?

B$)$ What is the optimal level of inventory and supplies to carty on hand?

C$)$ Where should inventories and supplies be held?

D$)$ What are the optimal prices for each product or service?

Sarah is newly hired clerk in purchasing department. Her responsibility includes ch purchase requisition from all the department and forward its for her manager approval. the following threats is not specific to the purchase requisition process of the expenditu

A$)$ stockouts

B$)$ purchasing from unauthorized vendors

C$)$ requisitioning goods not needed

D$)$ All of the above are threats in the purchase requisition process

Ahmad is the manager at BBY Company. At lunch with the company CEO, announced that he had received a from a customer. The customer had just large quantity of components from ADS I ecnnologies.

A$)$ blanket purchase order

B$)$ voucher

C$)$ purchase order

D$)$ purchase requisition

The traditional approach to inventory management to ensure sufficient quant maintain production is known as JIT

A$)$ True

B$)$ False

Which of the following is not an activity performed in the expenditure cycle?

A$)$ ordering

B$)$ receiving

C$)$ cash disbursement

D$)$ shipping

DDY Company provides free coffee to employees. Barn Caf$$ delivers cof creamer, and filters each week. Every month, Barn Cafe sends DI Y an invoi is best described as a:

A$)$ set purchase order.

B$)$ fixed purchase order.

C$)$ blanket purchase order.

D$)$ standard purchase order.

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