Many business buyers prefer to buy a total solution to a problem from one seller. This process is also known as ________
A) channel consolidation
B) systems buying
C) vertical buying
D) horizontal buying
E) supply buying
B
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The most effective internal control procedure to prevent or detect the creation of fictitious credit memoranda for sales returns is to
a. supervise the accounts receivable department b. limit access to credit memoranda c. prenumber and sequence check all credit memoranda d. require management approval for all credit memoranda
Which type of control is considered a compensating control?
a. segregation of duties b. access control c. supervision d. accounting records
Answer the following statements true (T) or false (F)
Harmonization of accounting standards refers to the degree of coordination or similarity among the various sets of national accounting standards and methods and the formats of financial reporting.
Using the following statement in an explanation of the reasons for the bad news could help the receiver to accept the message: Although we would like to consider installing the heating system you have offered, we are seeking a more energy-efficient, environmentally friendly unit
Indicate whether the statement is true or false