In a Merchandising Firm,authorization for the Purchase of Inventory Is

question 41

Multiple Choice

In a merchandising firm,authorization for the purchase of inventory is the responsibility of

• A)inventory control
• B)purchasing
• C)accounts payable
• D)cash disbursements

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Definitions:

Maximize Benefits

A strategy aimed at obtaining the highest possible gain or advantage from a particular action or situation.

Define Power

The ability or capacity to influence or control the behavior of others, either directly or indirectly, often through the possession of authority, knowledge, or means.

Milgram Authority Experiment

A psychological experiment conducted by Stanley Milgram, which measured the willingness of participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, values, ethics, and genetics.