The acquisition cycle begins with a
A)payment.
B)purchase order.
C)requisition.
D)receiving report.

Question

Quizplus · Accepted Answer

The acquisition cycle begins with a requisition, which is a formal request from a department or division of an organization to the purchasing department to acquire goods or services. This initiates the process of identifying the need, obtaining approval, and ultimately making the purchase. The purchase order, receiving report, and payment all come after the requisition in the acquisition cycle.

The Acquisition Cycle Begins with a