As the first step in the acquisition / payment process, goods are requested based on:
A)Monitor need.
B)The amount of cash in the bank.
C)The relationship between a buyer and a seller.
D)The use of information technology.

Question

Quizplus · Accepted Answer

The first step in the acquisition/payment process is to request goods based on the need for them. This need could arise from a variety of factors such as low inventory, increased demand, or production requirements, but ultimately it should be based on a clear understanding of the business requirements. The amount of cash in the bank or the relationship between the buyer and the seller are not relevant at this stage, and while information technology may play a role in the process later on, it does not determine the initial request for goods.

As the First Step in the Acquisition / Payment Process