A Control Plan to Ensure Input Accuracy in Payables Processing

question 29

Multiple Choice

A control plan to ensure input accuracy in payables processing is:

• A) requisition confirmation to originating department
• B) match invoice, purchase order, and receiving report
• C) tickler file of payments due
• D) independent authorization to make payment

Understand the importance and components of a good person-organization fit.

Recognize the usefulness of social networking and job search engines in job hunting.

Identify the role of a positive attitude in job search success.

Acknowledge the significance of references and their impact on job search.

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Definitions:

Comparative Advantage

Comparative advantage is the ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.

Economic Growth

A rise in the output of products and services within an economy over a certain duration, typically assessed through the Gross Domestic Product (GDP).

Free Trade

The absence of tariffs, quotas, or other governmental restrictions on international trade, allowing goods and services to move freely across borders.

Developing Countries

Nations with a lower level of industrialization, lower income per capita, and usually lower standards of living, often working towards more advanced social and economic status.