There Is a Threat of Paying an Invoice Twice

question 36

Multiple Choice

There is a threat of paying an invoice twice.What is an applicable control that may help mitigate this threat?

• A)payment should never be authorized for a photocopy of an invoice
• B)double-check invoice accuracy
• C)approval of a purchase order
• D)adequate perpetual inventory records

---

Definitions:

Equilibrium

A state where supply equals demand in a market, resulting in an optimal distribution of goods and services.

Minimize Average Cost

The process of reducing the total cost per unit of goods or services produced.

Barriers To Entry

Obstacles that make it difficult for new firms to enter a market, which may include high start-up costs, regulatory hurdles, or strong competition.

Monopolistic Competition

Market in which firms can enter freely, each producing its own brand or version of a differentiated product.