To Ensure That Goods and Services Acquired Are for Authorized

question 78

Multiple Choice

To ensure that goods and services acquired are for authorized company purposes,and to help acquire only needed items

• A)receiving reports should be independently signed and reconciled to the purchase order.
• B)proper authorization for acquisitions and changes to the master file should take place.
• C)purchase requisitions should be approved and matched to purchase orders.
• D)account allocations of vendor invoices should be carefully checked.

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Definitions:

Registered

Officially recorded or enlisted on an official list or directory.

Lease of Over Three Years

A legal agreement granting possession and use of property for a period exceeding three years, subject to specific conditions.

Landlord

An individual or entity that owns property and permits another party to use it in exchange for rent.

Parcel of Land

A parcel of land is a specific piece or tract of land, often defined by boundaries for purposes of ownership, development, or sale.