Which of the Following Internal Controls Wold Help Prevent Overpayment

question 46

Multiple Choice

Which of the following internal controls wold help prevent overpayment to a vendor or duplicate payment to a vendor?

• A)Review and cancellation of supporting documents after issuing payment
• B)Requiring the check signer to mail the payment to the vendor
• C)Review of the accounts where the expenditure transaction has been recorded
• D)Approving the purchase before the goods are ordered from the vendor

Learn about empowerment leadership and how it facilitates self-leadership among followers.

Distinguish between the different perspectives and theories on leadership.

Understand leader-member exchange theory and the concept of in-group and out-group.

Recognize the historical development and impact of early leadership theories.

---

Definitions:

Cost of Goods Sold

The immediate expenses related to creating the products a company sells, such as materials and labor.

Producing Efficiently

The process of manufacturing goods or delivering services in a way that minimizes waste, resources, and time while maximizing productivity and quality.

Direct Labour Hours Quantity

The total number of labor hours spent by workers who are directly involved in the production of goods or services.

Standard Cost

An estimated or pre-determined cost of performing an operation or producing a good, used in budgeting and pricing.