Which of the following statements is true?

a. Planned purchase orders are used for purchases made on approximate dates and in specified quantities when inventories run low.
b. Standard purchase orders are used for long-term purchases on multiple dates over a period of time.
c. Blanket purchase orders are used for one-time purchases.
d. Blanket purchases are used for purchases made on approximate dates and in specified quantities when inventories run low.


a. Planned purchase orders are used for purchases made on approximate dates and in specified quantities when inventories run low.

Business

You might also like to view...

Which of the following is best described as a market-oriented business definition?

A) Missouri-Pacific Railroad: We run a railroad. B) Xerox: We make copying equipment. C) Standard Oil: We sell gasoline. D) Encyclopedia Britannica: We distribute information. E) Columbia Pictures: We make movies.

Business

Services represent the fastest-growing sector of the global economy and account for two-thirds of global output

Indicate whether the statement is true or false

Business

____________________ represents the concept of being able to compare financial statement data across years for any particular firm

Fill in the blank(s) with correct word

Business

Systematic use of the best available facts to improve management practice is ______ management.

a. knowledge-based b. science-based c. evidence-based d. technology-based

Business