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The flowchart below is the accounts payable/cash disbursements process presented in Chapter 13, but with certain items omitted.In the flowchart, each omission is indicated by a capital letter (A through I).Jumbled lists of the omitted items are as follows:
Required:
Complete the flowchart TB Figure 13.11 by placing one of the numbers, 1 through 9 from the above lists, to match the letters showing the missing items.
Third-Party Certifications
Certifications or validations provided by independent organizations or bodies that verify a particular standard or quality has been met.
Arbitration
A method of dispute resolution where an impartial third party, known as an arbitrator, makes a decision to resolve a disagreement between two or more parties.
Valid Contract
A legally binding agreement between parties that meets all the essential requirements of lawful consideration, offer and acceptance, competent parties, and legal purpose.
Scope of Work
A detailed description of the specific tasks, activities, deliverables, and timelines that a project or contract will encompass.
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