Podcast
Play an AI-generated podcast conversation about this lesson
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?
Signup and view all the answers
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?
Signup and view all the answers
