Effective Internal Control for Purchases Generally Can Be Achieved in a Well-Planned

question 58

Multiple Choice

Effective internal control for purchases generally can be achieved in a well-planned organizational structure with a separate purchasing department that has:

• A)The ability to prepare payment vouchers based on the information on a vendor's invoice.
• B)The responsibility of reviewing purchase orders issued by user departments.
• C)The authority to make purchases of requisitioned materials and services.
• D)A direct reporting responsibility to controller of the organization.

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Definitions:

Morphological Transition

A process involving a significant change in the structure or form of an organism or part of an organism usually due to genetic mutation or environmental pressures.

Anagenesis

Refers to wholesale transformation of a lineage from one form to another. In macroevolutionary studies, anagenesis is considered to be an alternative to lineage splitting or speciation.

Lineage

Lineage refers to a chain of ancestors and their descendants. A lineage may be the successive generations of organisms in a single population, the members of an entire species during an interval of geological time, or a group of related species descending from a common ancestor.

Evolutionary Faunas

Groups of animals that share a similar ecological role and have a continuous evolutionary history across geological times.