Requesting a Signed Purchase Order Form from the Customer Prior

question 1

Multiple Choice

Requesting a signed purchase order form from the customer prior to accepting a sale can reduce the risk of:

• A)Non-payment
• B)Insufficient finished goods inventory available
• C)Fictitious sales
• D)Poor decision

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Definitions:

Congress

A bicameral legislative body in the federal government of the United States consisting of the Senate and the House of Representatives responsible for making national laws.

Ethics

Ethics refers to the moral principles that govern a person's or group's behavior, guiding what is right and wrong.

Cash Distributed

The act of disbursing or paying out cash from a company to its stakeholders, such as dividends to shareholders or payments to suppliers.

Business Entity Assumption

An accounting principle that treats a business as a separate entity from its owners for reporting and financial assessment purposes.