The primary purpose of the acquisition/payment process is to:
A)Obtain the resources the organization needs.
B)Pay for the resources the organization needs.
C)Both obtain the resources the organization needs and pay for the resources the organization needs.
D)Neither obtain the resources the organization needs nor pay for the resources the organization needs.

Question

Quizplus · Accepted Answer

The acquisition/payment process involves both obtaining the resources the organization needs and paying for those resources. It is a cycle that includes identifying needs, selecting vendors, negotiating contracts, purchasing goods or services, receiving the goods or services, verifying the invoice, and making payment. Therefore, the correct answer is C.

The Primary Purpose of the Acquisition/payment Process Is To