The Main Reason That Receiving Clerks Are Denied Access to Purchase

question 21

Multiple Choice

The main reason that receiving clerks are denied access to purchase order quantities and prices is to:

• A)Ensure that the receiving clerk actually takes the time to verify the accuracy of a delivery before accepting it
• B)Prevent the receiving clerk from stealing delivered goods and manipulating the quantities and prices of received goods
• C)Prevent fraudulent collusion between the common carrier and the receiving clerk
• D)N/A: the receiving clerk is NOT denied access to purchase order quantities and prices

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Definitions:

Risk-Free Rate

The theoretical rate of return of an investment with zero risk, serving as a benchmark for measuring risk.

Security Market Line

A line that depicts the relationship between the expected return of a market security and its risk as measured by beta.

Risk-Free Rate

The theoretical return on an investment with zero risk, serving as a benchmark for evaluating other investments.

Market Rate

The typical or prevailing price level for goods or services in a competitive market, or the interest rate available for loans and deposits in the financial market.