ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Purchase order
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Receiving record
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Invoice
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Bid
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Detailed explanation-1: -A purchase order, or PO, is a legal document a buyer sends to a supplier or vendor to authorize a purchase. Purchase orders outline what the buyer would like to purchase and how much of it they would like to receive. These agreements help both the buyer and seller document transactions.
Detailed explanation-2: -A purchase order is a commercial source document that is issued by a business’ purchasing department when placing an order with its vendors or suppliers. The document indicates the details on the items that are to be purchased, such as the types of goods, quantity, and price.
Detailed explanation-3: -A purchase order (PO) is a legally binding document created by a buyer and presented to a seller. Much like your “cart” on an e-commerce site, a purchase order is essentially a list of what you want to buy.
Detailed explanation-4: -A purchase order (PO) is a legal document sent from the buyer to the vendor which authorizes a purchase of goods or services. It is created after a PO request, or purchase request is submitted and approve.