Which of the following statements are true regarding Noncatalog items?

Non-catalog items are indeed typically associated with spot-buy items. A spot buy is a one-time purchase made for a specific need, usually outside of a standard purchasing process. This type of procurement often occurs when there is a sudden requirement for goods or services that are not covered by existing agreements or contracted suppliers. As such, flexibility is a key characteristic of non-catalog items, allowing organizations to source products quickly and as needed without relying on a predefined catalog of products or services.

In contrast, the other statements either misrepresent the nature of non-catalog items or limit their functionality and usage. Non-catalog items are not restricted to bulk ordering, as they can be procured in varying quantities based on the immediate requirement. While a purchase requisition may often be a part of the ordering process for non-catalog items, it is not an absolute requirement in every purchasing scenario, as some organizations might have processes allowing for direct orders without a requisition. Additionally, return policies regarding non-catalog items can depend on the supplier's terms, but it is not a general policy that all non-catalog items can be returned for credit. Thus, the primary association of non-catalog items with spot buy needs is accurately captured in the first statement.