How Is the Authorization for Issuing Materials Made When an Effective

question 164

Multiple Choice

How is the authorization for issuing materials made when an effective system of internal control is in place?

• A)By utilizing pre-numbered materials requisition slips
• B)By acquiring the materials from the delivery driver when the shipment is received from a trucking company
• C)By receiving authorization to begin a job from the production supervisor
• D)By approval from the accounting department

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Definitions:

Internal Labor Force

An organization's workers (its employees and the people who have contracts to work at the organization).

External Labor Market

The job market outside of a specific company, inclusive of potential employees who currently work for other employers or are unemployed.

Workforce

The collective group of individuals who are available for work, including both employed and unemployed persons.