When Accounts Payable and Purchasing Systems Are Highly Automated, More

question 50

Multiple Choice

When accounts payable and purchasing systems are highly automated, more detail is included in the transaction files. This deeper level of detail is illustrated by including

• A) economic order quantities for each item that is held in inventory, including delivery times.
• B) quantities, prices, and item descriptions from each line of the supplier invoice.
• C) sequentially numbered purchase requisitions and purchase orders (with matching numbers).
• D) having receiving report numbers match the numbers on the supplier invoices for improved tracking.

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Definitions:

Political Activism

The effort to promote, impede, or direct social, political, economic, or environmental reform or stasis with the desire to make improvements in society.

Work Ethic

A set of values centered on the importance of hard work, diligence, and responsibility in achieving success.

Deferential

Showing respect and submission to someone else's opinion or judgment.

Directive

A type of guidance or instruction that directs or orders how something should be done or achieved.