Determine whether each of the following is an internal control strength or weakness1. Receiving department manager places an order with the vendor for merchandise inventory.2. A voucher is used to certify a transaction and authorize recording of the liability.3. Goods are received by the receiving department and documented with a receiving report.4. Accounting department pays the vendor's invoice before goods are received.5. Invoices are paid after completion of the invoice approval documenting the purchase requisition, purchase order, receiving report, invoice, and approval for payment.
What will be an ideal response?
Strengths = 2, 3, and 5. Weaknesses = 1 and 4.
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The advertising campaign created by Hormel that was designed to show customers the rich variety of brands sold by the company was designed to:
A) allow the company to charge more B) create brand parity across company brands C) create perceptions of corporate uniqueness D) transfer perceptions of strong brands to other company products
If you decide to write a letter of recommendation about a job candidate, your goal should be to
A) remain neutral about the candidate's suitability for the job. B) boost the job candidate's sense of self-worth and well-being. C) explain why you're qualified to access the candidate. D) convince readers the candidate has the characteristics necessary for the job. E) include at least one negative comment to show objectivity.
. ____________________ is the quality of accounting reporting that allows a user to compare two or more accounting periods for a single business
Fill in the blank(s) with correct word
Unlike the randomized block design and the Latin square, factorial designs allow for interactions between variables
Indicate whether the statement is true or false