Final answer:
A purchase requisition is a document used internally to request the procurement of materials or services, not to authorize the release of materials, which makes the statement false.
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 an internal document that is used to request the procurement department to purchase goods or services. It is essentially the first step in the procurement process, indicating a need for materials or services. Once the requisition is approved, a purchase order is issued to a supplier to deliver the requested items. The storekeeper's role comes into play when the materials are received, and they ensure that the items are stored properly and then released as required for production.