What typically ends the acquisitions and payment cycle?
A) issuance of a purchase requisition or request for purchase of goods/services
B) issuance of a payment to a vendor
C) approval of a new vendor
D) purchase requisition

Question

Quizplus · Accepted Answer

The issuance of a payment to a vendor typically ends the acquisitions and payment cycle. This means that the organization has received the goods/services it ordered, and has fulfilled its obligation to pay for them. The other options mentioned are typically part of the acquisitions and payment cycle, but do not signal the end of it.

What Typically Ends the Acquisitions and Payment Cycle