AIS Quiz ch 11

AIS Quiz ch 11 - Score 1/1 5 What is not an advantage to...

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1. There is a threat of paying an invoice twice. What is an applicable control that may help mitigate this threat? Student Response Value Correct Answer A. payment should never be authorized for a photocopy of an invoice 100% B. double-check invoice accuracy C. approval of a purchase order D. adequate perpetual inventory records Score: 1/1 2. A disbursement voucher contains Score: 1/1 3.
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In the expenditure cycle, good control dictates that expenditures should be paid by check. This may not be feasible when minor purchases are made. To facilitate quick payment for minor purchases, a(n) __________ should be set up and maintained using __________. Score: 1/1 4. EOQ includes several variables that must be taken into consideration when calculating the optimal order size. One variable, the costs associated with holding inventory, is referred to as
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Unformatted text preview: Score: 1/1 5. What is not an advantage to using disbursement vouchers? Score: 1/1 6. The inventory management approach that attempts to minimize, if not eliminate, carrying and stockout costs is Score: 0/1 7. One alternative approach to managing inventory is materials requirements planning (MRP). What is a key feature of this approach? Score: 1/1 8. In the expenditure cycle, the primary external exchange of information occurs with Score: 1/1 9. A surprise count of petty cash by the auditor should find the total of __________ equal to the amount authorized for the fund. Score: 1/1 10. When purchasing miscellaneous supplies, companies can reduce costs, improve efficiency, and combat employee fraud by using Score: 1/1...
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AIS Quiz ch 11 - Score 1/1 5 What is not an advantage to...

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