The Purchasing Manager at Folding Squid Technologies Has Responsibility for Reviewing

question 33

Multiple Choice

The purchasing manager at Folding Squid Technologies 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,if any,related to these activities?

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

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Definitions:

Inferior Rib

Refers to the lower ribs in the human rib cage, possibly intended to distinguish them from upper ribs but not a standard anatomical term.

Transverses Thoracis

A muscle within the thorax that plays a role in the movement of the thoracic cage during respiration.

External Obliques

Muscles located on the sides of the abdomen, involved in the rotation of the spine and the lateral flexion of the torso.

External Intercostals

Muscles located between the ribs that help expand the chest cavity during inhalation.