The Control an Entity Should Have in Place in Order

question 68

Multiple Choice

The control an entity should have in place in order to ensure all credit sales have proper credit approval is

• A) an approved sales order for all goods released to dispatch.
• B) a check on customer's credit limit prior to each sale and a credit department credit check on all new customers.
• C) determination that customer is on an approved customer list.
• D) both a and c

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Definitions:

Marketing Activities

Encompasses various actions and strategies companies employ to promote and sell their products or services, including advertising, sales promotions, and public relations.

B2B

Business-to-Business, a model involving the exchange of products, services, or information between businesses, rather than between businesses and consumers.

B2C

Business-to-Consumer, a model where businesses sell products or services directly to individual consumers.

C2C

Consumer-to-Consumer (C2C) refers to transactions conducted between two consumers, typically facilitated by a third-party platform such as online marketplaces.