Which of the Following Is Not an Example of an Internal

question 29

Multiple Choice

Which of the following is not an example of an internal control for the sales process?

• A) Credit committee review of credit limits on a quarterly basis
• B) Approved purchase order is reconciled to invoice
• C) Application control that only allows orders to be processed against existing approved customers with enough unused credit limit
• D) Invoices automatically generated from order and dispatch document

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Definitions:

Price of a Book

The amount of money required to purchase a book, determined by factors like demand, production costs, and publisher pricing strategies.

Indifference Curves

Graphical representations that show combinations of two goods among which a consumer is indifferent, meaning each combination gives the consumer the same satisfaction or utility.

Budget Constraints

The limitations on the consumption bundles that a consumer can afford, given their income and the prices of goods and services.

Relative Prices

The price of one good or service compared to another, usually expressed as a ratio.