For Good Internal Control

question 152

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 for payment.
• D)the purchasing agent should prepare an EFT for payment.

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Definitions:

Management Skill

The ability to plan, organize, direct, and control individuals or groups of people to achieve specific goals.

Emotional Intelligence (EI)

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, empathize with others, and overcome challenges.

Muller and Turner

Refers to researchers or authors known for their contribution to the fields of project management or organizational studies.

IQ

Intelligence quotient (IQ) is a measure of a person's cognitive abilities and potential, compared to the average for their age group, usually determined through standardized testing.