An Internal Control Benefit of Centralized Purchasing in an Organization

question 97

Multiple Choice

An internal control benefit of centralized purchasing in an organization includes

• A)separation of authorization from accounting.
• B)favorite vendors used multiple times.
• C)increased compensation of agents through side agreements.
• D)mathematically accurate vendor invoices.

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Definitions:

Marxist-Leninist

A political and economic ideology based on the theories of Karl Marx and Vladimir Lenin, advocating for a classless society and the overthrow of capitalism through revolutionary means.

Free Rider

An individual who benefits from resources or services without contributing to the cost or effort.

Collective Efforts

The actions taken and work done by a group working together towards a common goal or project.

Selective Benefits

Rewards or incentives provided exclusively to members of an organization or group to encourage participation and membership, often seen in political or social clubs.