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