What are the key authorization issues in purchasing and cash disbursements?


Inventory control monitors inventory and authorizes restocking with a purchase requisition. Purchasing acts on the purchase requisition, it does not initiate the process.

Accounts payable authorizes the cash disbursement. The cash disbursement function cannot produce checks on its own without authorization from accounts payable.

Business

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Social class is not determined by a single factor, such as income, but is measured as a combination of occupation, income, education, wealth, and other variables

Indicate whether the statement is true or false

Business

Advances in wireless technology offer capabilities beyond the typical mobile phone. Voice _________ technology offers the ability to communicate with a computer system without a keyboard. A. input and output B. storage C. mail

Fill in the blank(s) with correct word

Business

During the ________ era, concern about increased competition led firms to focus on selling to attract customers.

A. simple trade B. marketing department C. sales D. production E. marketing company

Business

The federal agency responsible for enforcing the provisions of the Occupational Safety and Health Act is the:

a. Occupational Safety and Health Administration. b. Safe Workplace Administration. c. Health in the Workplace Administration. d. Federal Employment Oversight Administration.

Business