Purchase Commitments

question 84

Multiple Choice

Purchase commitments:

• A) must be disclosed.
• B) must be recorded.
• C) must be audited prior to recording.
• D) Both b and c.

---

Definitions:

Raises

Typically refers to an increase in salary or wages provided to an employee by an employer.

Employees

Individuals who work for another person or a company in return for compensation.

Office Manager

The person responsible for ensuring the smooth operation of an office or administrative environment, overseeing administrative staff and procedures.

Billing Procedures

The methods and processes used by businesses, including law firms, to charge for services rendered and manage client accounts.