Anong Mali Is the Purchasing Manager at Wattana Technologies

question 30

Multiple Choice

Anong Mali is the purchasing manager at Wattana Technologies.She has responsibility for reviewing and authorizing purchase orders.Receiving reports are prepared by shipping and receiving based on the relevant purchase order(s) .Purchase orders,receiving reports,and vendor invoices are reconciled by accounts payable,which authorizes payment.Which of the following would correct control weaknesses related to these activities?

• A)Controls are adequate under the current system.
• B)Accounts payable should authorize purchase orders.
• C)Receiving reports should be reviewed and corrected by the purchasing manager.
• D)Vendor invoices should be reviewed by the purchasing manager to ensure that they are correct.

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Definitions:

Job Evaluation

The systematic process of determining a job's relative worth within an organization to inform compensation decisions.

Job Evaluation Process

A systematic approach to determining the relative worth of jobs within an organization to establish fair pay and grading levels.

Key Procedures

Essential and established methods or steps followed to complete a specific task or to achieve a particular objective within an organization.

Living Wage

A wage that is high enough to maintain a normal standard of living, covering an individual's or family's basic costs of living.