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Questions and Answers
What is another term for 'Purchase requisition' mentioned in the text?
What is another term for 'Purchase requisition' mentioned in the text?
- Acquisition application
- Purchase request (correct)
- Buying requirement
- Procurement demand
What is the purpose of the 'REQUISITION SLIP FORM' mentioned in the text?
What is the purpose of the 'REQUISITION SLIP FORM' mentioned in the text?
- To notify the purchasing department of items needed (correct)
- To authorize purchase orders
- To track inventory levels
- To record completed electrical work
What does 'Inventory' primarily consist of according to the text?
What does 'Inventory' primarily consist of according to the text?
- Only raw materials
- Only finished goods
- Raw materials, work-in-process goods, and completely finished goods (correct)
- Tools and equipment
Who generates the 'Purchase requisition' as mentioned in the text?
Who generates the 'Purchase requisition' as mentioned in the text?
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What does the 'Purchase requisition' or 'Purchase request' contain according to the text?
What does the 'Purchase requisition' or 'Purchase request' contain according to the text?
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