ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A document that authorizes the supplier to deliver the product or provide the service is known as a(n):
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Invoice
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Bill of Lading
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Purchase Order
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Delivery Schedule
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Explanation:
Detailed explanation-1: -A purchase order (PO) is an official document, created by the buyer, which authorizes a purchase transaction for goods or services from a supplier. POs play an important role in controlling business purchases.
Detailed explanation-2: -The purchase order is a document generated by the buyer and serves the purpose of ordering goods from the supplier.
Detailed explanation-3: -An invoice or bill is an important written document that indicates the sale or supply by one business to another business or consumer. It contains information about the particular sale transaction, such as buyer’s details, quantity, value, tax, and payment terms.
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