In Regards to the Accounts Payable Department,which Statement Is Not

question 33

Multiple Choice

In regards to the accounts payable department,which statement is not true?

• A) the purchase requisition shows that the transaction was authorized
• B) the purchase order proves that the purchase was required
• C) the receiving report provides evidence of the physical receipt of the goods
• D) the supplier's invoice indicates the financial value of the transaction

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Definitions:

Compulsory Licence

A license granted to a third-party by the government to use a patented invention without the consent of the patent holder.

Royalty Fee

A payment made to an owner for the use of their property, typically intellectual property or natural resources.

Distinctive Guise

A unique appearance of a product or packaging that signifies exclusive source, identity or origin, typically relevant in trademark law.

Certification Mark

A mark used by a certified organization to indicate that products or services meet a certain standard of quality or performance.