In the Expenditure Cycle,the Primary External Exchange of Information Occurs

question 10

Multiple Choice

In the expenditure cycle,the primary external exchange of information occurs with

• A)customers.
• B)suppliers.
• C)management.
• D)the audit committee.

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Definitions:

High Cost

pertains to an expense that is considerably above the average or expected expenditure on goods or services.

Practices

Established methods or procedures followed by individuals or organizations in a specific field or profession.

External

Coming from outside a particular place or context, often referring to factors or influences that are outside of an individual's or organization's control.

Internal

Pertaining to or situated on the inside; relating to the inner nature of something or someone.