An Important Control in the Accounts Payable and Information Systems

question 6

Multiple Choice

An important control in the accounts payable and information systems departments is to require that those personnel who record acquisitions do not have access to

• A)lists of vendors' names and addresses.
• B)cash,marketable securities,and other assets.
• C)vendors' price lists.
• D)the accounts payable master file.

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Definitions:

Portfolio Analysis

The process of evaluating and managing a collection of investments to meet specific financial objectives.

Program Strategies

Approaches designed to achieve specific goals within an organization or initiative.

Strategic Planning Model

A systematic process used by organizations to envision a desired future and translate this vision into broadly defined goals and a sequence of steps to achieve them.

Nonprofit Organization

An entity that operates for the public or societal benefit rather than for the purpose of making profits for owners or shareholders, and which typically enjoys certain tax exemptions.