Which of the Following Would Meet the Need for Additional

question 47

Multiple Choice

Which of the following would meet the need for additional control procedures when using computer-generated purchase orders?

• A) Establishment of a maximum quantity limits that can be ordered within a given time period.
• B) Automated acceptance for high dollar levels.
• C) Purchase order copies sent by purchasing to receiving.
• D) Accounts payable department entering new vendors into the system.

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Definitions:

Percent Increase

The process of determining the ratio of the increase in a quantity to the original amount, expressed as a percentage.

Stock Value

The price of a single share of a company's stock, representing ownership in the company and its potential profitability.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining.

Nearest 0.01%

Rounded to the closest one-hundredth of a percent.