CPP Purchase Requisition & Order Processing

Question 1

What is a purchase requisition?

Accepted Answer

An internal request to buy items

Answer

A supplier invoice

Answer

A shipping document

Answer

A payment receipt

Question 2

Who typically approves a purchase requisition?

Accepted Answer

An authorized approver or manager

Answer

The supplier

Answer

The purchasing clerk

Answer

The warehouse staff

Question 3

What does a purchase order (PO) represent?

Accepted Answer

A contract to purchase from a supplier

Answer

An internal tracking form

Answer

A shipment label

Answer

A price list

Question 4

Why is order processing important in purchasing?

Accepted Answer

It ensures correct and timely fulfillment

Answer

It replaces budgeting procedures

Answer

It speeds up supplier registration

Answer

It eliminates the need for approval

Question 5

What document is often matched with a PO to confirm receipt?

Accepted Answer

Receiving report

Answer

Payroll summary

Answer

Supplier contract

Answer

Tax invoice

Question 6

What is a benefit of electronic procurement systems?

Accepted Answer

Automates and speeds up the process

Answer

Increases paper usage

Answer

Reduces transparency

Answer

Eliminates need for requisitions

Question 7

What does the term 'three-way match' refer to?

Accepted Answer

Comparing PO, invoice, and receiving report

Answer

Matching supplier contact details

Answer

Verifying tax calculations

Answer

Checking delivery times

Question 8

Why is it important to include item specifications in a requisition?

Accepted Answer

To ensure correct ordering

Answer

To add more paperwork

Answer

To help with negotiations

Answer

To confuse the supplier

Question 9

What step follows purchase order issuance?

Accepted Answer

Supplier fulfills the order

Answer

Budget revision

Answer

Manager approval

Answer

Payment processing