- 1 Marks
Question
Which of the following is NOT part of the purchase process?
A. Purchase requisition
B. Purchase order
C. Material usage note
D. Goods received note
E. Purchase invoice
Answer
C. Material usage note
Explanation: The material usage note is part of the production and inventory management process but is not directly involved in the purchase process. The purchase process typically includes steps such as requisition, ordering, receiving goods, and invoicing. Material usage relates to how materials are used during production after they have been procured.
- Tags: Factory Operations, Material Management, Procurement, Purchase Process
- Level: Level 1
- Topic: Costing Methods
- Series: MAY 2024
- Uploader: Dotse