The Accounts Payable Department Receives the Purchase Order Form to Accomplish

question 59

Multiple Choice

The accounts payable department receives the purchase order form to accomplish all of the following except to:

• A) Compare invoice price to purchase order price.
• B) Ensure that the purchase had been properly authorized.
• C) Ensure that the goods had been received by the party requesting the goods.
• D) Compare quantity ordered to quantity purchased.

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Definitions:

Risk Aversion

A behavioral trait where individuals or entities tend to avoid uncertainties and potential losses in decision-making.

Tolerate Failures

The willingness or capacity of an individual or organization to endure and learn from unsuccessful outcomes or errors.

Unskilled Labor

refers to work that requires no special training or skills, often associated with manual tasks.

Entrepreneurship

Willingness to take risks to create and operate a business.