An internal control benefit of centralized purchasing in an organization includes which of the following?
a. Separation of authorization from the custody and recording function.
b. An increase in the number of vendors used.
c. Increased compensation of agents through side agreements.
d. Mathematically accurate vendor invoices.
a
You might also like to view...
The driving force in constructing a chart of accounts is to add structure to the classification of financial information
Indicate whether the statement is true or false
Each company must divide up the total market, choose the best segments, and design strategies for profitably serving chosen segments. This process involves market segmentation, ________, differentiation, and positioning
A) market targeting B) marketing implementation C) supply-chain analysis D) price discrimination E) market diversification
When treasury stock is sold for more than the company originally paid to purchase the shares, the difference:
A. Decreases net income and decreases stockholders' equity. B. Increases stockholders' equity. C. Has no effect on net income or stockholders' equity. D. Increases net income.
A conversion variance combines labor and overhead variances
Indicate whether the statement is true or false