For Good Internal Control,the Purchasing Agent Should Neither Receive the Goods

question 130

True/False

For good internal control,the purchasing agent should neither receive the goods nor approve the payment.

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Definitions:

Trade

The action of buying, selling, or exchanging goods and services between people or countries.

Coolers

Insulated containers used to keep drinks and food cool.

Radios

Radios are devices that receive broadcast signals, converting them into audio sound waves for information and entertainment.

Opportunity Cost

Opportunity cost is the value of the next best alternative forgone as the result of making a decision.