A(n)________ System Posts an Approved Invoice to the Vendor Account

question 25

Multiple Choice

A(n) ________ system posts an approved invoice to the vendor account and stores it in an open invoice file until payment is made by check.

• A)nonvoucher
• B)voucher
• C)cycle
• D)evaluated receipt settlement

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Definitions:

Organizational Structure

The system that outlines how certain activities are directed to achieve the goals of an organization, including rules, roles, and responsibilities.

Excess Plant Capacity

A situation where a company's production facilities have more production capabilities than currently needed for its level of production.

Stockholders' Approval

The formal consent given by shareholders, often required for significant company actions like mergers, acquisitions, or changes in corporate structure.

Organizational Structure

The way in which a company or organization is arranged, including its hierarchy, departmentalization, and roles.