The Following Actions Are Associated with Which of the Following

question 14

Multiple Choice

The following actions are associated with which of the following triggers in the purchasing process:

• A) Associate/match purchase order, receiving report, vendor invoice.
• B) Add to open vendor invoice file.
• C) Update vendor master file.
• D) Receipt of goods.
• E) Shipment to customer.
• F) Arrival of due date for payment.
• G) None of the above.

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Definitions:

Principal Investment

The initial amount of money invested, before any earnings or interest.

Simple Interest

A method of calculating the interest charge on a loan or financial investment based on the initial principal and a fixed interest rate over time.

Interest Rate

The proportion, typically expressed as a percentage, at which interest is charged on a loan or paid on savings.

Like Terms

Terms that have the same variables raised to the same power, which can be combined by adding or subtracting the coefficients.