Double-Checking the Accuracy of an Invoice Is a Control That

question 79

Multiple Choice

Double-checking the accuracy of an invoice is a control that can help to neutralize a threat in the expenditure cycle.What activity would specifically be associated with this control?

• A) ordering goods
• B) receiving and storing goods
• C) paying for goods and services
• D) requesting goods be ordered

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Definitions:

Zero Growth Stock

A stock from a company which is expected to see no growth in dividends or earnings, typically offering high initial dividend yields.

Annual Dividend

The total amount of dividends that a company pays out to its shareholders over a single fiscal year.

Required Rate of Return

The minimum return that investors expect to earn from their investment in a particular asset, considering the risk associated with it.

Dividend

A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits.