ACB Corporation's Purchasing Department Sent a Copy of a Purchase

question 21

Multiple Choice

ACB Corporation's purchasing department sent a copy of a purchase order to the receiving department. Which of the following statements is most true?

• A) The purchase order sent to receiving should be identical to the purchase order sent to the b. vendor.
• B) The receiving department should not have a copy of the purchase order.
• C) The copy sent to receiving should not be sequentially numbered.
• D) The receiving department's copy will strengthen internal control if properly prepared.

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Definitions:

Defined Benefit Pension Plan

A retirement plan where employee benefits are calculated using a formula considering factors like salary history and duration of employment.

Vested Benefits

Benefits that an employee has earned the right to receive, even if they no longer work for the employer, typically in a pension or retirement plan.

Postretirement Health Care Benefits

Benefits provided by an employer to retired employees, covering medical and health-related expenses.