Final answer:
Material control passes/logs are essential tools used to monitor and control material, record party information, and handle authorization, covering all aspects of material management and control within a business.
Step-by-step explanation:
Material control passes/logs are meant to serve a critical role in the management and supervision of materials within a business or project. Their main purpose is to monitor and control material usage, ensuring that materials are not only used appropriately but also accounted for financially. Part of their function is to provide clear records for audit trails and authorization processes, guaranteeing that all movements of materials are validated and approved by the necessary personnel.
When it comes to recording party information, this also falls under the umbrella of material control logs, as it is vital to track which parties are handling or in possession of certain materials at any given time. This might include details on suppliers, contractors, or personnel within the organization. Thus, the correct answer to the question is D. All of the above.