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5.0
CRMP 2025- 2026 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Quiz: Requisitions
Ans: Formal requests from an end user for either stock products froma
facilities cetnral store or non-stock products from outside the
organization
Quiz: Non-Stock Requisistion
Ans: Specifies desired products and requires delivery information. May be
used for either one time or repetitive type purchases. Used for one time
or single purchases
Quiz: Stock Requisistion
Ans: Used for ordering products that are established in the MMIS system.
Requisitioner only needs to specify the quantity required then the order
is placed. Can be used for storeroom req. as well as purchasee orders
Quiz: Traveling Requisistion
Ans: This is an older version of a stock requisistion. An in-house re-useable
requisistion form ususally printed on card stock paper used in a
manual ordering system. Used to obtain repeat, non-stock items that
are used regularly but are not stored in a facilities storeroom.
Quiz: Electronic Requisition
,Ans: can be created on-line and transmittd to storeroom or purchasing
office. Creates a more accurate order since much of the information
comes from the MMIS system
Quiz: Purchase Order
Ans: A contractual legally binding document that details the buyers terms
for acquiring products, services or equipment.
Quiz: Standing order
Ans: Used for the automatic delivery of a specific amount of product on a
regular basis. Always has a start and end date. Most useful for the
delivery of buik items with predicatble regular ussage.
Quiz: Blanket order
Ans: An agreement that is similar to a standing order in that it is
prenegotiated by the purchasing department, but the vendor does not
automatically ship. Used to consolidate repetitive purchases from a
single supplier. A form of an open account that is limited in terms of the
things which can be ordered, who can place the order, the period for
which it is to be open, and the total amount that can be ordered.
Quiz: Open Order
Ans: Pre-negotiated agreeements with suppliers to provide products on
demand without the need for purchase orders or requisisitions. Being
replaced with the procurement card.
Quiz: Procurement card
Examstudy - Stuvia US
,Ans: is a credit card linked to the department general ledger and allows
purchases of goods and services without a requisistion or a purchase
order. Best used for non-medical and non-contract purchases.
Quiz: Purchasing terms
Ans: Included but not limited to freight terms and payment terms.
Quiz: FOB
Ans: Free on Board. Referes to the point of delivery for goods, products and
equipment. Also determined the point at which title is passed from
supplier to the delivery site.
Quiz: FOB Destination
Ans: Supplier absorbs all transportation costs and files claimes for
damages incurred. The facility does not receive title until the items are
on the dock
Quiz: FOB Shipping Point
Ans: The title of goods passes to the facility at the orgin of shipping. The
facility is responsible for all freight costs and for filing any damage
claim.
Quiz: FOB Destination, Prepay Freight and Add
Ans: Supplier prepays the freight charges and adds this cost to the facilties
invoice. The supplier is responsible for filing all damage claims. The title
does not transfer till until the items is received at the facility dock
Examstudy - Stuvia US
, Quiz: FOB Shipping Point, Freight Allowed
Ans: Title passes to the facility when the carrier picks up the goods, but the
supplier reimburses the facility for the cost of shipping
Quiz: 2%, 10days, net 30
Ans: Allows the purchaser to deduct a 2% discount from the invoice if paid
within 10 days of the invoice date; full amount is due 30 days after
invoice date.
Quiz: COD = Collect on Delivery
Ans: Must be paid on receipt and includes Shipping Charges
Quiz: Pre Pay
Ans: Payment upfront to a distributor to be held. Buyer receives credit for
payment in the form of a discount against cost of products and
services.
Quiz: Capital Terms
Ans: For large capital items, payment terms are linked to specific phases
of the project. Advisable to retain some portion of the total payment
until the capital is opertional and acceptable
Quiz: Liability
Examstudy - Stuvia US
In today's fast-paced educational landscape, students need reliable resources to excel in their studies.
5.0
CRMP 2025- 2026 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Quiz: Requisitions
Ans: Formal requests from an end user for either stock products froma
facilities cetnral store or non-stock products from outside the
organization
Quiz: Non-Stock Requisistion
Ans: Specifies desired products and requires delivery information. May be
used for either one time or repetitive type purchases. Used for one time
or single purchases
Quiz: Stock Requisistion
Ans: Used for ordering products that are established in the MMIS system.
Requisitioner only needs to specify the quantity required then the order
is placed. Can be used for storeroom req. as well as purchasee orders
Quiz: Traveling Requisistion
Ans: This is an older version of a stock requisistion. An in-house re-useable
requisistion form ususally printed on card stock paper used in a
manual ordering system. Used to obtain repeat, non-stock items that
are used regularly but are not stored in a facilities storeroom.
Quiz: Electronic Requisition
,Ans: can be created on-line and transmittd to storeroom or purchasing
office. Creates a more accurate order since much of the information
comes from the MMIS system
Quiz: Purchase Order
Ans: A contractual legally binding document that details the buyers terms
for acquiring products, services or equipment.
Quiz: Standing order
Ans: Used for the automatic delivery of a specific amount of product on a
regular basis. Always has a start and end date. Most useful for the
delivery of buik items with predicatble regular ussage.
Quiz: Blanket order
Ans: An agreement that is similar to a standing order in that it is
prenegotiated by the purchasing department, but the vendor does not
automatically ship. Used to consolidate repetitive purchases from a
single supplier. A form of an open account that is limited in terms of the
things which can be ordered, who can place the order, the period for
which it is to be open, and the total amount that can be ordered.
Quiz: Open Order
Ans: Pre-negotiated agreeements with suppliers to provide products on
demand without the need for purchase orders or requisisitions. Being
replaced with the procurement card.
Quiz: Procurement card
Examstudy - Stuvia US
,Ans: is a credit card linked to the department general ledger and allows
purchases of goods and services without a requisistion or a purchase
order. Best used for non-medical and non-contract purchases.
Quiz: Purchasing terms
Ans: Included but not limited to freight terms and payment terms.
Quiz: FOB
Ans: Free on Board. Referes to the point of delivery for goods, products and
equipment. Also determined the point at which title is passed from
supplier to the delivery site.
Quiz: FOB Destination
Ans: Supplier absorbs all transportation costs and files claimes for
damages incurred. The facility does not receive title until the items are
on the dock
Quiz: FOB Shipping Point
Ans: The title of goods passes to the facility at the orgin of shipping. The
facility is responsible for all freight costs and for filing any damage
claim.
Quiz: FOB Destination, Prepay Freight and Add
Ans: Supplier prepays the freight charges and adds this cost to the facilties
invoice. The supplier is responsible for filing all damage claims. The title
does not transfer till until the items is received at the facility dock
Examstudy - Stuvia US
, Quiz: FOB Shipping Point, Freight Allowed
Ans: Title passes to the facility when the carrier picks up the goods, but the
supplier reimburses the facility for the cost of shipping
Quiz: 2%, 10days, net 30
Ans: Allows the purchaser to deduct a 2% discount from the invoice if paid
within 10 days of the invoice date; full amount is due 30 days after
invoice date.
Quiz: COD = Collect on Delivery
Ans: Must be paid on receipt and includes Shipping Charges
Quiz: Pre Pay
Ans: Payment upfront to a distributor to be held. Buyer receives credit for
payment in the form of a discount against cost of products and
services.
Quiz: Capital Terms
Ans: For large capital items, payment terms are linked to specific phases
of the project. Advisable to retain some portion of the total payment
until the capital is opertional and acceptable
Quiz: Liability
Examstudy - Stuvia US
