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When Properly Designed and Completed, Which of the Following Steps

question 6

Multiple Choice

When properly designed and completed, which of the following steps in the acquisition/payment process promote strong internal control: (i) authorize a purchase, (ii) receive goods and services?


Definitions:

Deductive Reasoning

A rational procedure in which an inference is derived from the harmony of multiple statements thought to be valid.

Deductive Reasoning

A reasoning strategy where a judgment is drawn from the alignment of various propositions typically considered factual.

Inductive Reasoning

A method of reasoning in which specific observations or data are analyzed to form a general conclusion or principle.

Abductive Reasoning

A type of logical inference which begins with an observation then seeks to find the simplest and most likely explanation.

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