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Match the internal control principle below with the appropriate cash disbursements procedure described.
a. Establishment of responsibility
b. Segregation of duties
c. Documentation procedures
d. Physical controls
e. Independent internal verification
f. Human resource controls
_____ 1. Compare checks to invoices.
_____ 2. Different individuals approve and make payments.
_____ 3. Print check amounts by machine with indelible ink.
_____ 4. Only designated personnel are authorized to sign checks.
_____ 5. Each check must have approved invoice.
_____ 6. Requiring employees to take vacations.
Corn Increases
A rise in the production or supply of corn, often due to factors like improved agricultural techniques or increased demand.
Supply Curve
A diagram that displays the correlation between an item's price and the volume of its supply.
Equilibrium Price
The price at which the quantity of goods supplied equals the quantity of goods demanded in the market.
Equilibrium Quantity
The volume of goods or services that are both provided and required at the market equilibrium price.
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