Information for evaluating vendor performance normally would reside on the:
a. accounts payable master data
b. vendor master data
c. vouchers payable master data
d. purchase order master data
B
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________ listening is a learned skill that requires you to focus on the speaker, make sense of the information that he or she presents, and, when possible, provide feedback about the information to ensure you understand it correctly
A) Adaptive B) Active C) Associative D) Integrative E) Constructive
When merchandise sold is assumed to be in the order in which the expenditures were made, the inventory method is called
A) first-in, last-out B) last-in, first-out C) first-in, first-out D) average cost
The heading of a balance sheet will show the date as a specific date, not a period of time
Indicate whether the statement is true or false
A voucher is an internal document or file:
A. Takes the place of a bank check. B. Prepared after an invoice is received. C. Used as a substitute for an invoice if the supplier fails to send one. D. Prepared before the company orders goods to make sure that all goods are being ordered from an approved vendor list. E. Used to accumulate information needed to control cash disbursements and to ensure that transactions are properly recorded.