ACC 564 Course Great Wisdom / tutorialrank.com ACC 564 Course Great Wisdom / tutorialrank.com | Page 11

Question 11
Duties in the expenditure cycle should be properly segregated to
promote internal control. This means that the authorization function is
performed by ________, the recording function is performed by
________, and cash handling is performed by the ________.
Question 12
Procurement cards differ from corporate credit cards in which of the
following ways?
Question 13
What control should be put in place that assigns responsibility for
EFT payments made to vendors?
Question 14
Economic Order Quantity (EOQ) includes several variables that must
be taken into consideration when calculating the optimal order size.
One variable, the costs associated with holding inventory, is referred
to as
Question 15
The traditional approach to inventory management to ensure
sufficient quantity on hand to maintain production is known as
Question 16
When using electronic documents, ________ increase the accuracy of
data entry.
Question 17
Which department should have the sole ability to provide information
to the AIS about hiring, terminations, and pay rate changes?
Question 18