Question 2: Week 5, 11 Marks. [Words Limit: Up to 400 words.) The flowchart below illustrates two alternative inventory ordering methods. Answer part 1 to 3 based on this flowchart. Accounts Pay Receiving Data Processing Department Purchase Ace Peypy day Blind Cae Nect Paycey TO GOBY Pro Prepor P Orden F Open Purchase Odorf in CY Acte Review and P Ordo Acer - FC Puchan O Vendor ALTERNATIVE ONE AP ROC Paches Date Pog Transaction Pure Requisition Bivide Review and Fle koler CepY Precure tha Order Open Purchase Dedor Fio Vendor File CAPE Pwy Go Punch Transaction tharan UM ALTERNATIVE TWO ired: 1. Some organizations prefer using alternative two. What are the advantages of using alternative two instead of the alternative one? Be specific. [2 marks] 2. What is the difference between purchase requisition and purchase order? [2 marks] 3. Under what circumstances can you envision management using alternative one rather than alternative two? [3 Marks] 4. Some accountants argue that the receiving department should be eliminated. Discuss the objective of eliminating the receiving function. What accounting/audit problems need to be resolved. [4 Marks) Question 2: Week 5, 11 Marks. [Words Limit: Up to 400 words.) The flowchart below illustrates two alternative inventory ordering methods. Answer part 1 to 3 based on this flowchart. Accounts Pay Receiving Data Processing Department Purchase Ace Peypy day Blind Cae Nect Paycey TO GOBY Pro Prepor P Orden F Open Purchase Odorf in CY Acte Review and P Ordo Acer - FC Puchan O Vendor ALTERNATIVE ONE AP ROC Paches Date Pog Transaction Pure Requisition Bivide Review and Fle koler CepY Precure tha Order Open Purchase Dedor Fio Vendor File CAPE Pwy Go Punch Transaction tharan UM ALTERNATIVE TWO ired: 1. Some organizations prefer using alternative two. What are the advantages of using alternative two instead of the alternative one? Be specific. [2 marks] 2. What is the difference between purchase requisition and purchase order? [2 marks] 3. Under what circumstances can you envision management using alternative one rather than alternative two? [3 Marks] 4. Some accountants argue that the receiving department should be eliminated. Discuss the objective of eliminating the receiving function. What accounting/audit problems need to be resolved. [4 Marks)