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Congressional investigations into Defense Department's purchases of small hardware items illustrate which function of Congress?
Wiki User
∙ 10y ago
oversight
Wiki User
∙ 10y ago
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What does Reduction in Purchasing Across the Board mean?
It means a cut back in purchases for all departments of a company or entity.
Is centralization of purchasing in a large company a step to greater efficiency?
It can be but the answer is going to always be - it depends. If the organization makes homogeneous purchases it may make sense because of bulk purchase discounts and loss of overhead (local purchasing labor). If the large company has operations world-wide it may make more sense to make some purchases locally while other purchases should be made corporately and shipped to each location. If you are referring to the centralization of purchasing to one department in a large company because purchases are made in many departments then I would posit it is much more efficient to have purchases made in the purchasing department. Without going into details purchasing departments are ripe for fraudulent activity. Without the details of the company it is difficult to answer the question. There is a balancing act to maximize the potential discounts one would receive for purchases, overhead (additional resources) to make purchases outside of corporate purchasing, shipping costs, potential for fraud, excess inventory levels, operational requirements (lead time). It just depends on the specific situation.
Advantages and disadvantages of rolling budget?
Rolling budgets allow departments to have a fresh budget each day. This doesn't help reduce cost for the organization because the company can manipulate the system based on when they make purchases.
What is cost categories in tally9.0 software?
cost categories are used to allocate the expenses, sales and purchases etc in various departments of a comapany. let us understand it with an example: suppose the predicted tarvelling expenses of company is 50000 rupees per month. now we can allocate it in various departments like sales, accopunts, hr etc. with help of cost catagerois and also pre define the expenses. cost categories are used to allocate the expenses, sales and purchases etc in various departments of a comapany. let us understand it with an example: suppose the predicted tarvelling expenses of company is 50000 rupees per month. now we can allocate it in various departments like sales, accopunts, hr etc. with help of cost catagerois and also pre define the expenses.
What is the subject in the sentence how many purchases were made on Sunday?
Purchases
What is the formula to calculate purchases?
1. Net purchases +? = cost of goods purchased 2. Net purchases = ? + ? = purchases
What is the formula to calculate net purchases?
1. Net purchases +? = cost of goods purchased 2. Net purchases = ? + ? = purchases
What is the strength and weakness of a purchasing department?
The primary job of the purchasing department involves making actual purchases for the company. The strength of purchasing departments is often the knowledge of the financial industry. The weakness of the purchasing department is usually the lack of significance of this particular department.
What journals do you use to record purchases on account purchases for cash and cash payments?
Purchases journal is used to record purchases on account while Cash payment journal is used to record purchases for cash and cash payments.
What is the Federal purchases limit for small purchases?
$125,000
Where do you find credit purchases in financial statements?
Credit purchases are shown in income statement as a part of total purchases.
What the subject in this sentence how many purchases were made on Sunday?
purchases
