To Ensure That Only Authorized Payments Are Made, There Should

question 67

Short Answer

To ensure that only authorized payments are made, there should be ____________________________ whereby the accounts payable records on which the payment is based are created by an entity other than the entity that executes the payment.

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Definitions:

Trade Barriers

Measures such as tariffs, quotas, and regulations established by countries to control the import and export of goods and services, influencing international trade dynamics.

Industrialization

The transformation process in which an economy shifts from largely focusing on agriculture to mainly concentrating on the manufacturing of products.

Suburban Tract Development

The process of dividing an area of land, often in the outskirts of a city, into lots for the construction of a large number of similar homes or residential units.

Levittown

One of the first mass-produced suburban housing developments in the U.S., symbolizing post-WWII suburban growth.