Which of the following documents is considered the buyer's offer to purchase products or services from a supplier,is legally binding once the supplier accepts it,and usually has the terms and conditions of purchase preprinted on the back of the document?
A)Purchase requisition
B)Planned order release
C)Material requisition
D)Purchase order

Question

Quizplus · Accepted Answer

A purchase order is the buyer's offer to purchase products or services from a supplier. Once the supplier accepts it, it becomes a legally binding document. The terms and conditions of the purchase are usually preprinted on the back of the document. A purchase requisition is a document used to request the purchase of goods or services, but it is not a binding offer, while a planned order release is a document used in manufacturing planning and material requisition is a document used to request materials from an inventory.

Which of the Following Documents Is Considered the Buyer's Offer