The Statement That Items on the Accounts Payable Register Must

question 45

Multiple Choice

The statement that items on the accounts payable register must be supported by a completed voucher package containing a services purchase order and evidence the service was provided is a specific example of which control objective?

• A) Environment.
• B) Validity.
• C) Completeness.
• D) Accuracy.

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Definitions:

Efficiency

The optimal use of resources to achieve the best possible outcome or output with the least waste of time and effort.

Distort Incentives

A situation where economic or policy mechanisms result in unintended or undesirable behaviors, often leading to inefficiencies.

Income Taxes

Taxes imposed by governments on individuals or entities based on their income or profits.

Poor People

Individuals or groups who lack the financial resources and possessions needed for a minimum standard of living.