Authorization for Payment of an Accounts Payable Liability Is the Responsibility

question 19

Multiple Choice

Authorization for payment of an accounts payable liability is the responsibility of

• A)inventory control
• B)purchasing
• C)accounts payable
• D)cash disbursements

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Definitions:

Push-Pull Strategy

A promotional strategy combining both push tactics (direct selling to customers) and pull tactics (attracting customers via advertising) to drive product demand.

Forecast Sales

The process of estimating future sales performance based on historical data, market analysis, and other predictive factors.

Customer Order

A request made by a customer to purchase goods or services from a business.

Four Ps

A marketing mix model that includes Product, Price, Place, and Promotion, used to consider the key factors involved in marketing goods and services.