The Typical Horizontal Flows of Information in an Accounts Payable/cash

question 23

Multiple Choice

The typical horizontal flows of information in an accounts payable/cash disbursements process might include all of the following except:

• A) an invoice is received from a vendor
• B) the paid voucher is returned to the accounts payable department
• C) an approved disbursement voucher is sent to the cashier
• D) a copy of a receiving report is sent to the cashier

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Definitions:

Net Profit Margin

A financial metric showing the percentage of revenue remaining after all operating expenses, taxes, and interest have been deducted.

Logistics Management

involves overseeing the efficient and effective transportation and storage of goods from origin to consumption.

Shipping Security

Measures and protocols implemented to protect cargo from theft, loss, or damage during transportation.

Few Suppliers Approach

A market condition characterized by a small number of suppliers, often leading to less competition and potentially higher prices.