For Good Internal Control of Purchases, Businesses Should Do All

question 24

Multiple Choice

For good internal control of purchases, businesses should do all of the following except:

• A)Ensure that the same person is involved in the process of buying, receiving and paying for the goods.
• B)Another person other than the person requesting the purchase should write the check for the payment of the invoice.
• C)Computations on the invoice should be checked for accuracy.
• D)Goods should be carefully checked when received.

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Definitions:

Institutional Collectivism

The degree to which organizational and societal institutional practices encourage and reward collective distribution of resources and collective action.

Uncertainty Avoidance

A cultural dimension that describes the extent to which people in a society are uncomfortable with ambiguity, risk, and uncertainty, leading to a preference for structured situations and clear rules.

Gender Equality

The state in which access to rights or opportunities is unaffected by gender, ensuring fairness for all genders.

Assertiveness

The quality of being confident and direct in claiming one's rights or putting forward one's views.