Purchase Requisition Process Quiz
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Questions and Answers

What is the primary responsibility of the originating department regarding purchase requisitions?

  • Maximize the number of purchase requisitions to meet budgetary control purposes
  • Ensure requisitioned expenditure is within the procurement plan and complies with policies (correct)
  • Split transactions to circumvent approval limits
  • Obtain approval from multiple departments for each requisition
  • Under what circumstances will multiple Purchase Requisitions and Orders be considered as one transaction?

  • When the transactions are from different Business Units
  • When the transactions exceed the approval limits
  • When the transactions are for different equipment/projects
  • When the transactions are of a similar nature over a closely related time period (correct)
  • Who is responsible for reviewing every requisition according to the text?

  • Procurement manager only
  • Budget owner and CEO
  • Immediate supervisor of the person making the requisition and budget owner (correct)
  • Finance department
  • What is prohibited to circumvent approval limits according to DFA?

    <p>Splitting transactions</p> Signup and view all the answers

    What are the competitive tendering approval limits for NNPC Limited Board according to the text?

    <p>&gt;$100m</p> Signup and view all the answers

    Who approves single source contracts at NNPC Limited?

    <p>Level 1 Tenders Committee (Company Tender Committee)</p> Signup and view all the answers

    What must every requisition be reviewed by, according to the text?

    <p>Immediate supervisor of person making requisition and budget owner</p> Signup and view all the answers

    What is considered as one transaction for purchase requisitions?

    <p>Transactions of similar nature over a closely related time period</p> Signup and view all the answers

    What is the primary purpose of the Purchase Requisition process?

    <p>To initiate and approve procurement needs</p> Signup and view all the answers

    What is the main consideration for approval decisions in the Purchase Requisition process?

    <p>Threshold amounts and preferred vendors</p> Signup and view all the answers

    What is required to initiate the procurement requisition process according to the Purchase Requisition Policies?

    <p>Assessment based on the approved annual procurement plan and corresponding budget</p> Signup and view all the answers

    What do the objectives of the Purchase Requisition process aim to ensure regarding procurement needs?

    <p>Duly reviewed and approved commitment of resources</p> Signup and view all the answers

    What is prohibited when initiating the procurement requisition process according to the text?

    <p>Initiating requests without assessing the approved annual procurement plan and corresponding budget</p> Signup and view all the answers

    What does the Purchase Requisition process cover in terms of approval workflow?

    <p>Automated approval workflow and manual approvals primarily by the business partner</p> Signup and view all the answers

    What is essential to guide subsequent procurement-related activities according to the objectives of the Purchase Requisition process?

    <p>Provision of key information required for subsequent procurement-related activities</p> Signup and view all the answers

    What is considered before converting a requisition to a purchase order in the Purchase Requisition process?

    <p>Review and approval of the requisition</p> Signup and view all the answers

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