Which of the Following Is a Vital Indicator When Deciding

question 3

Multiple Choice

Which of the following is a vital indicator when deciding whether a payment should be made to a supplier?

• A)The manager's authorisation and agreement.
• B)The receipt of a receiving report from the warehouse department.
• C)Goods are received in sufficient quantity and good quality.
• D)The supplier has provided the company with an invoice.

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Definitions:

Price Ceiling

A government-imposed limit on how high a price is charged for a product.

Oil Products

Refined products derived from crude oil processing, such as gasoline, diesel, jet fuel, and heating oil.

Hugo Chávez

Former Venezuelan military officer and politician who served as the President of Venezuela from 1999 until his death in 2013.

Price Ceiling

A legally imposed maximum price on a good or service, intended to prevent prices from rising above a certain level.