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.

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Definitions:

Emotions

Complex psychological states that involve a subjective experience, a physiological response, and a behavioral or expressive response.

Interpretation

The process of explaining or understanding the meaning of something, such as a text, phenomenon, or event.

Stressful Events

Incidents or circumstances that cause significant strain or tension, impacting an individual's physical or psychological well-being.

Self-concept

An individual's perception of themselves, including their beliefs, feelings, and thoughts about their own identity.