Accounts Payable

question 28

Multiple Choice

Accounts payable:

• A)may be part of the supply department to ensure on-time payment to suppliers and to reduce transaction costs.
• B)should always be separate from purchasing as a good business practice.
• C)is legally prohibited from reporting to supply by federal regulations.
• D)cannot report to supply because of Generally Accepted Accounting Practices (GAAP)Rule #462.
• E)may legally report to supply,but it may convey the perception of conflict of interest to suppliers.

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Definitions:

Resiliency Factors

The attributes or mechanisms that enable individuals to adapt to changes, challenges, or adversity.

Positive Psychological Capacities

Traits or mental abilities that contribute to a person's overall psychological wellbeing and positive demeanor.

Authentic Leadership

A leadership style in which the leader is true to themselves while leading, possessing awareness, transparency, integrity, and ethics.

Oral Reasoning

The process of thinking and expressing thoughts verbally, often used to solve problems or articulate ideas.