"Say­to­pay" Gets Its Name from Stakeholders Getting to Vote on Executive

question 94

True/False

"Say­to­pay" gets its name from stakeholders getting to vote on executive compensation.

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Definitions:

Voucher Number

A unique identification code assigned to each transaction or invoice in an accounting system.

Vouchers Payable

An accounting term that refers to accounts payable obligations for which vouchers have been created but not yet paid.

Unpaid Voucher File

A file or record keeping system that tracks invoices and vouchers that have not yet been paid by the company.

Sales Discounts

Reductions in the price of goods sold, offered to customers as an incentive to either prompt payment or increase sales volume.