In an AP/CD Process, You Would Expect That "Validating" a Vendor

question 93

Multiple Choice

In an AP/CD process, you would expect that "validating" a vendor invoice might include all of the following steps except:

• A)having a copy of the invoice approved by the purchasing manager
• B)comparing the invoice with a copy of the purchase order
• C)comparing the invoice with a copy of the receiving report
• D)checking the invoice for mathematical accuracy

Grasp the concept and application of sentiment analysis in marketing.

Identify and classify types of data used in market research.

Understand the use and significance of sampling in market research studies.

Learn about social media's role and impact in market research.

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Definitions:

Dual Sourcing

A source strategy in which firms produce products in-house to ensure quality and availability while also purchasing the same products from suppliers in order to force competition and push innovation within the in-house unit.

Reshoring

The process of bringing manufacturing and production back to a company's original country from overseas to benefit from lower costs, better quality control, or tighter supply chain management.

Firm's Product

The goods or services produced and offered by a business to its customers.

Economic Climate

The overall state and conditions of an economy, affecting business confidence, consumer spending, and financial markets.