What Control Would Best Mitigate the Threat of Paying an Invoice

question 44

Multiple Choice

What control would best mitigate the threat of paying an invoice twice?

• A) never authorize payment of a photocopy of an invoice
• B) double-check mathematical accuracy of invoices
• C) approval of purchase orders
• D) maintaining adequate perpetual inventory records

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Definitions:

Core Competency

Fundamental strength or advantage of an organization or individual that is central to its identity and competitiveness, often reflected in unique skills, technologies, or resources.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Technological Advancement

The development and application of innovative tools, machines, materials, or processes that improve efficiency and productivity.

Outsourcing

Contracting out work that was formerly done by employees.