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Receipt of different items
What is the first step of the approval process when making a purchase?
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Obtaining approval to spend budgeted organizational funds
Types of property that generally require serialized tags are:
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Government property sensitive property
For security purposes, what department should be responsible for making certain that
all sensitive data is removed from computers?
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Information Technology (IT) Department
Which of these is NOT a factor that should be considered when deciding on the
appropriate layout of a warehouse?
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Acquisition method
of items
, What is the method of inventory and distribution that moves the oldest items in
storage to the location where they will be used first (i.e. there is concern that the
items may have a limited shelf-life)?
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FIFO
Just-in-time (JIT) delivery has both advantages and disadvantages. What is one
DISADVANTAGE?
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Increases the costs of purchased goods
Which is considered a benefit of property reutilization program?
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Transfer available excess property among departments in lieu of new
purchases
What are the two most important things that must be considered when assets are
moved from point to point?
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