What Is the Best Control to Mitigate the Threat of Paying

question 96

Multiple Choice

What is the best control to mitigate the threat of paying prices that are too high for goods ordered?

• A)Require the receiving department to verify the existence of a valid purchase order.
• B)Use only approved suppliers and solicit competitive bids.
• C)Only pay invoices that are supported by the original voucher package.
• D)Use bar-code technology to eliminate data entry errors.

---

Definitions:

Innovation Process

The series of steps involved in developing new products, services, or methods, including ideation, development, and implementation.

Scaling

The process of increasing or expanding the size, scope, or capabilities of something, especially in business growth and technology.

Imagining

The process of forming mental images or concepts of what is not actually present to the senses, often used in creative thinking and problem-solving.

Product Innovation

The development and introduction of new or significantly improved goods or services that add value to customers.