Which Internal Control Activity Is Followed When Management Authorizes the Purchasing

question 34

Multiple Choice

Which internal control activity is followed when management authorizes the purchasing department to order goods and services for the company?

• A)segregation of duties
• B)safeguarding of assets and records
• C)checks on recorded amounts
• D)clearly defined authority and responsibility

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Definitions:

Political Strategies

Approaches used within organizations to acquire, develop, and use power and other resources to obtain one's preferred outcomes in a situation in which there is uncertainty or disagreement about choices.

Indirect Lobbying

Indirect lobbying involves attempting to influence legislation and public opinion through campaigns that mobilize public support, rather than direct interaction with legislators.

Innovative

Characterized by creativity and the ability to bring forth new ideas, methods, or products that can lead to progress and improvement.

Managers

Individuals within an organization responsible for setting objectives, organizing resources, and overseeing the day-to-day operations to achieve these objectives.