The Expenditure Cycle Commences When

question 5

Multiple Choice

The expenditure cycle commences when:

• A)~ A section of the organisation signals a need for goods or services to be provided
• B)The goods or services that are acquired by a section of the organisation have been paid for
• C)Purchase orders are appropriately authorised
• D)Delivered goods are received

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Definitions:

Efficiency

The ability to achieve a goal or desired outcome with the least waste of time, effort, or resources.

Layers of Managers

Different levels of management within an organization, each with varying degrees of authority and responsibility.

Interaction

The act of communicating or dealing with others, often involving an exchange of ideas or actions.

Comprehensive

Comprehensive denotes something that is all-encompassing or thorough, covering all or nearly all elements or aspects of something.