Which of the Following Statements Is Not Correct

question 75

Multiple Choice

Which of the following statements is not correct?

• A)The voucher system is used to improve control over cash disbursements.
• B)The sum of the paid vouchers represents the voucher payable liability of the firm.
• C)The voucher system permits the firm to consolidate payments of several invoices on one voucher.
• D)Many firms replace accounts payable with a voucher payable system.

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Definitions:

Supplier Selection

The process by which firms identify, evaluate, and contract with suppliers.

On-time Performance

A measurement of the ability of a service or supplier to deliver goods or services at the scheduled time.

Supplier Selection

The process of evaluating and choosing suppliers based on criteria such as price, quality, reliability, and service to ensure the best value for the purchasing organization.

Design Collaboration Capability

The ability of teams or organizations to work together across disciplines to create solutions or products that meet customer or user needs.