The objective of internal control of purchases is to:
A. create a disciplined work environment.
B. make the sales process more complex.
C. create written proof that purchases and payments are authorized.
D. create more organized invoices.
Answer: C
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Why are audits of most stock issuance usually considered to be relatively straightforward?
a. The number of transactions is small. b. The transactions are typically material. c. Most stock is issued for cash. d. There are no disclosure issues to worry about, since stock amounts are reported in the body of the balance sheet.
Describe interpersonal skills and why businesses seek these skills in employees.
What will be an ideal response?
A disadvantage of newspaper advertising is that it has__________
Fill in the blanks with correct word.
Which of the following is NOT a response to managing challenges in the supply chain?
a. Supply chains are being broken up into smaller fragments to make them more flexible. b. Manufacturing facilities are reconfigured to focus on a narrower scope of production. c. There is a reduction of outsourcing. d. There is a reduction of offshoring.