Chapter 9 - Chapter 9 1 Each of the following is an example...

Chapter 9
1. Each of the following is an example of a mutual commitment event in the acquisition/payment
cycle EXCEPT:
A
)
Cash disbursement
B
)
Purchase order
C
)
Rental agreement
D
)
Service agreement
E
)
All of the above are mutual commitment events in the acquisition/payment cycle
2. What is the primary document prepared by the enterprise in conjunction with the economic
increment event in the acquisition/payment process?
A
)
Vendor invoice
B
)
Receiving report
C
)
Purchase order
D) Debit memorandum
E
)
Disbursement voucher
3. Internal agents typically associated with economic increment events via participation
relationships in the acquisition/payment process include:
A) Salespeople
B
)
Receiving clerks
C
)
Credit card companies
D) Suppliers
E
)
Accounts payable clerks

4. For supply acquisitions the associated resource is usually ________, and for operating asset
acquisitions the associated resource is usually ______.
A)supply type, operating asset
B
)
service type, operating asset
C
)
operating asset, supply type
D
)