For Effective Internal Control Over Accuracy of Transactions, the Accounts

question 41

Multiple Choice

For effective internal control over accuracy of transactions, the accounts payable department should compare the information on each vendor's invoice with the:

• A)receiving report and the purchase order.
• B)receiving report and the voucher.
• C)vendor's packing slip and the purchase order.
• D)vendor's packing slip and the voucher.

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Definitions:

Decision-Making Strategy

A methodological approach to choosing among different options or actions based on specific criteria, objectives, or principles.

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members.

Charismatic Leadership

Leadership style based upon the leader’s (perceived) possession of charisma.

Personality Trait

Characteristic patterns of thought, emotion, and behavior that are relatively stable over time and across different situations.