ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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order
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estimate
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invoice
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consignment note
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Detailed explanation-1: -Invoice. The purchase order is a document generated by the buyer and serves the purpose of ordering goods from the supplier.
Detailed explanation-2: -A purchase order (also referred to as a PO) is a contractual agreement between a purchaser and a supplier that becomes legal once the details of the purchase order have been accepted by the supplier. It is a document that details the goods or services that the buyer has agreed to buy and the terms of the purchase.
Detailed explanation-3: -A purchase requisition form is an internal document used by an employee to purchase goods or services on behalf of their firm. These purchases may be for business operations (such as office supplies), inventory, or manufacturing inputs.