Proper Authorization for Acquisition Is Useful for Management as an Internal

question 109

Multiple Choice

Proper authorization for acquisition is useful for management as an internal control procedure, because it:

• A) ensures that goods/services are used efficiently by company employees.
• B) ensures that goods/services were purchased from approved vendors.
• C) ensures that goods/services were purchased according to company policy.
• D) ensures that goods/services were purchased at the lowest possible price.

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Definitions:

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, and praise rather than for the satisfaction that comes from the activity itself.

Self-Regulation

The process by which an organism effortfully controls its behavior in order to pursue important objectives.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a hierarchy of human needs, from basic physiological needs to self-actualization.

Direct Labor

The earnings of staff members actively engaged in manufacturing products or delivering services.