Final answer:
A purchase requisition does not authorize the release of materials; this statement is false. A purchase requisition is used to request a purchase of goods or services. A materials requisition or work order typically serves to authorize materials release.
Step-by-step explanation:
The statement that a purchase requisition authorizes the storekeeper to release materials to individuals or work centers in the production process is false. A purchase requisition is actually a document used within many businesses to request that a purchase be made for goods or services. It is an internal control document that signifies a request for the purchase before a purchase order is issued. Once the purchase requisition is approved, a purchase order can be created and sent to the supplier. The document that usually authorizes the storekeeper to release materials to individuals or work centers is called a materials requisition or sometimes a work order, which is issued by the production department or project manager.