Which of the Following Statements Is TRUE

question 26

Multiple Choice

Which of the following statements is TRUE?

• A)Authority is a right.
• B)Power is a right.
• C)Authority is one's ability to influence decisions.
• D)Both power and authority are rights.

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Definitions:

3-Way Match

A process in accounts payable to compare the purchase order, delivery receipt, and invoice before processing a payment, ensuring accuracy and preventing fraud.

Internal Control

A framework used by businesses to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Vendor Transactions

Financial interactions or exchanges between a business and its suppliers or service providers.

QBO

QuickBooks Online, a cloud-based financial management software used for business accounting.