All of the Following Are Advantages of Decentralized Purchasing Except

question 36

Multiple Choice

All of the following are advantages of decentralized purchasing except _____.

• A)ownership of decisions affecting purchases
• B)understanding unique operational requirements
• C)speed and responsiveness
• D)reduced duplication of purchasing effort​
• E)new-product development support

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Definitions:

Internal Control

Processes and procedures implemented by management and the board to ensure the integrity of financial reports, compliance with laws and regulations, and the efficiency of operations.

Physical Custody

Refers to the actual, physical possession and care of a child, typically used in legal contexts concerning child custody arrangements.

Accounting Records

Documents and books that systematically record financial transactions of a business for accounting and audit purposes.

Outstanding Checks

Checks issued by a company that have not yet been cashed or cleared by the bank.