In a Purchase System,the Most Appropriate Department to Control Goods

question 60

Multiple Choice

In a purchase system,the most appropriate department to control goods upon arrival into the company is the

• A) receiving department.
• B) treasury department.
• C) accounting department.
• D) requesting department.

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Definitions:

Regional Trading

The exchange of goods and services within a specific geographic area, promoting economic cooperation among neighboring countries.

Trading Bloc Agreements

These are agreements between groups of countries, often geographically proximate, to promote trade among themselves by reducing trade barriers like tariffs and import quotas.

Trade Restrictions

Measures implemented by governments to control the import and export of goods and services, often to protect domestic industries and jobs.

Export Subsidy

A government policy to encourage export of goods and services through direct payments, tax relief, or other financial incentives.