The Red-Flag That Is Generally Identified When Vendors with Invoices

question 17

Multiple Choice

The red-flag that is generally identified when vendors with invoices for the same amount on the same day are found is:

• A)dummy vendors.
• B)employees purchasing goods for personal use.
• C)billing more than once for the same purchase.
• D)providing poor-quality goods.

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Definitions:

Non-Monthly Expenses

Costs that occur on an irregular basis, not tied to monthly payment schedules, such as annual insurance premiums or bi-annual vehicle maintenance.

Heat Pump

A device used for heating or cooling a building by transferring heat between two reservoirs, usually between an indoor environment and the outdoor air.

Furnace

A device used for high-temperature heating, commonly for residential heating or metallurgical processes.

Monthly Budget

A financial plan that allocates expected income towards expenses, savings, and debt repayment on a monthly basis.