Budd,the Purchasing Agent for Lake Hardware Wholesalers,has a Relative Who

question 52

Multiple Choice

Budd,the purchasing agent for Lake Hardware Wholesalers,has a relative who owns a retail hardware store.Budd arranged for hardware to be delivered by manufacturers to the retail store on a C.O.D.basis,thereby enabling his relative to buy at Lake's wholesale prices.Budd was probably able to accomplish this because of Lake's poor internal control over

• A) Purchase requisitions.
• B) Cash receipts.
• C) Perpetual inventory records.
• D) Purchase orders.

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Definitions:

Alternative Courses

Different paths or options that can be taken to achieve a goal or solve a problem.

Staff Planners

Professionals who are responsible for developing strategies, allocating resources, and overseeing the scheduling of work to ensure organizational objectives are met.

Lack Commitment

Refers to a situation or attitude where individuals show a low level of dedication or engagement towards tasks, goals, or organizational objectives.

Staff Planners

Professionals responsible for developing, implementing, and coordinating an organization's strategic and operational plans.