An Internal Control Benefit of Centralized Purchasing in an Organization

question 62

Multiple Choice

An internal control benefit of centralized purchasing in an organization includes which of the following?

• A) Separation of authorization from the custody and recording function.
• B) An increase in the number of vendors used.
• C) Increased compensation of agents through side agreements.
• D) Mathematically accurate vendor invoices.

Recognize the relationship between stereotypes, social identity processes, and their effects in the workplace.

Comprehend the processes and effects of attribution errors, including fundamental attribution error and self-serving bias.

Learn about the influence of initial expectations on behavior through the halo effect, primacy, and recency effects.

Understand the relevance and mechanisms of employee satisfaction and its relationship with internal and external attributions of success.

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Definitions:

Unpopulated Parts

Areas or regions that are not inhabited by people.

Taxed

The imposition of financial charges or levies upon an individual or an entity by a governing body in order to fund public expenditures.

Canon Law

A set of ecclesiastical laws, regulations, and principles set by ecclesiastic authority (for example, the Church) for its government.

Western Church

Refers to the Roman Catholic Church, especially in the context of its distinction from the Eastern Orthodox Church following the Great Schism of 1054.