Which of the Following Is Not a Key Control in the Acquisition

question 146

Multiple Choice

Which of the following is not a key control in the acquisition and payment cycle?

• A) authorization of purchases
• B) authorization of credit
• C) timely recording and independent review of transactions
• D) authorization of payments

Evaluate the financial implications of process changes on a firm's profitability.

Understand the differences between process-focused shops and repetitive manufacturing.

Apply cost analysis to real-world business scenarios, including manufacturing and service operations.

Understand the impact of varying demand on the selection of production processes or machines.

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Definitions:

Wagner Act

A foundational piece of U.S. labor law legislation enacted in 1935 that established the rights of workers to form unions and engage in collective bargaining with employers.

Negotiate

The process of discussing to reach an agreement or compromise between parties with different needs or perspectives.

Theory X

A management theory suggesting that employees are inherently lazy and require close supervision and control to be productive.

Work Breaks

Scheduled or unscheduled periods during work hours when employees are allowed to rest, eat, or attend to personal matters.