For Good Internal Control,a Copy of a Receiving Report Should

question 16

Multiple Choice

For good internal control,a copy of a receiving report should be sent to all of the following departments except:

• A)Accounts payable.
• B)Purchasing.
• C)Stores.
• D)Shipping.

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Definitions:

Tariffs

Tariffs are taxes imposed by a government on imported goods and services, often used to protect domestic industries from foreign competition.

Efficient Industries

Industries that achieve maximum output with minimum input, utilizing resources in the most cost-effective manner.

Allocation of Resources

The distribution of available resources, including land, labor, and capital, among various uses to maximize efficiency and effectiveness.

Foreign Demand

The desire and willingness of buyers in other countries to purchase goods and services from a particular nation.