Marie Paid a Vendor's Invoice After Matching It Against a Purchase

question 19

Multiple Choice

Marie paid a vendor's invoice after matching it against a purchase order. Which of the following statements is most true?

• A) Marie's actions demonstrate the strongest possible internal control over the payment process.
• B) Marie's actions weakened internal control for her company.
• C) Marie's actions weakened internal control for the vendor.
• D) The bank should not honor Marie's check.

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Definitions:

Tax on Sellers

A financial charge or levy imposed on product producers or sellers by the government, which often leads to the market price of the product increasing to cover the cost of the tax.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market stability.

Tax on Sellers

A tax on sellers is a levy imposed by the government on sellers of certain goods and services, which often leads to a shift in supply curve and price adjustments.

Increases Supply

A rise in the quantity of a good or service that producers are willing and able to sell at a given price, often due to reductions in production costs or improvements in technology.