For Effective Internal Control Purposes, the Accounts Payable Department Generally

question 19

Multiple Choice

For effective internal control purposes, the accounts payable department generally should:

• A) ascertain that each requisition is approved as to price, quantity and quality by an authorised employee.
• B) establish the agreement of the vendor's invoice with the receiving report and purchase order.
• C) obliterate the quantity ordered on the receiving department copy of the purchase order.
• D) stamp, perforate or otherwise cancel supporting documentation after payment is mailed.

Understand the importance of moral reasoning context as described by the social domain model.

Recognize the role and significance of negative emotions in prompting moral behaviors.

Understand the key stages of cognitive development and their characteristics according to Jean Piaget.

Recognize the nature vs. nurture debate in the context of development.

---

Definitions:

Corn Laws

The tariffs, subsidies, and restrictions enacted by the British Parliament in the early nineteenth century to discourage imports and encourage exports of grain.

Imports

Products or services imported from one country into another for the purpose of selling or utilization.

Exports

Goods or services produced in one country and sold to buyers in other countries.

Bushel

A unit of volume that is used in the United States for measuring agricultural commodities, such as grains.