For Good Internal Control

question 140

Multiple Choice

For good internal control:

• A) the purchasing agent should also receive the goods.
• B) the purchasing agent should also approve the invoice for payment.
• C) the purchasing agent should not receive the goods or approve the invoice.
• D) the purchasing agent should not order the goods.

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Definitions:

Basic Research

Fundamental scientific research aimed at increasing knowledge or understanding of the subject without immediate practical application in mind.

Applied Research

A form of systematic inquiry involving the practical application of science. It accesses and uses some part of the research communities' (the academia's) accumulated theories, knowledge, methods, and techniques, for a specific, often state-, business-, or client-driven purpose.

Darwin's Theory

The scientific theory of biological evolution that explains how species evolve over time through natural selection.

Functionalists

Scholars in various fields, especially in sociology and psychology, who study how societal institutions and processes function to meet the needs of a society or an individual.