A Voucher Is an Internal File That

question 131

Multiple Choice

A voucher is an internal file that:

• A) is prepared after an invoice is received.
• B) is used as a substitute for an invoice
• C) is a collection of documents prepared at each step in the voucher system
• D) takes the place of a bank check
• E) is prepared before the company orders goods.

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Definitions:

Formal Statement

An official, written declaration of a company's policies, goals, or positions on specific issues.

Tie-In Sales

A sales tactic where the purchase of one product is linked to the purchase of another product, often as a bundle or prerequisite.

Clayton Act

A U.S. law enacted in 1914 aimed at promoting competition among businesses by prohibiting certain monopolistic practices.

Substantially Lessens

A phrase often used in legal contexts, indicating a significant reduction or diminishment in value, quality, or functionality.