Refer to the Accompanying Figure to Answer the Questions

question 54

Multiple Choice

Refer to the accompanying figure to answer the questions.
-Total utility is maximized at the:

• A) first cupcake.
• B) eighth cupcake.
• C) ninth cupcake.
• D) seventh cupcake.
• E) sixth cupcake.

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Definitions:

Voucher Register

A record of vouchers that have been prepared, detailing amounts to be paid, accounts affected, and supporting documentation.

Voucher System

A control mechanism in accounting wherein vouchers are prepared as evidence of authorization before transactions are recorded.

Purchase Order

A form used in business to place an order for the buying of goods from a seller.

Receiving Report

A document prepared by the receiving department to evidence the receipt of material or supplies that had been ordered.