After Approving an Invoice for Payment

question 85

Multiple Choice

After approving an invoice for payment:

• A)the receiving department should examine the payment packet to make sure all the documents agree.
• B)after payment,the payment packet should be stamped "paid" by the person in the treasurer's department who has authorized the disbursement.
• C)checks should be returned to the department who prepared them for mailing.
• D)the person who ordered the goods should examine the payment package to make sure all the documents agree.

---

Definitions:

Marginal Cost

The extra charge incurred when making one more unit of a good or service.

Marginal Revenue

The additional income received from selling one more unit of a product.

Marginal Cost

The additional financial outlay required for producing another unit of a product or service.

Maximizes Profits

A strategy or condition where a business adjusts its operations, production, and pricing to achieve the highest possible financial gain.