After the Supplier Master File Data Has Been Entered, to Best

question 61

Multiple Choice

After the supplier master file data has been entered, to best improve internal controls the

• A) supplier master file data should be matched to the accounts payable files.
• B) transaction file detail should be matched to the supplier master file.
• C) data entry should be independently verified.
• D) accounting department should file the new supplier authorization form sequentially.

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Definitions:

Line Extension

The development and introduction of additional items in the same product category under the existing brand name.

Increased Usage

The phenomenon where consumers use a product or service more frequently, often influenced by changes in behavior, marketing strategies, or external factors.

Co-branded Range

A product line developed by two or more brands in collaboration, leveraging the strengths and market presence of each.

Co-branding

A marketing strategy involving the collaboration between two or more brands to create a product or service that leverages the strengths and market appeal of each brand.