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Rebecca Mitchell
on Nov 14, 2024

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Having one person responsible for the related activities of ordering merchandise receiving goods and paying for them

A) increases the potential for errors and fraud.
B) decreases the potential for errors and fraud.
C) is an example of good internal control.
D) is a good example of safeguarding the company's assets.

Ordering Merchandise

The process of acquiring goods or inventory for sale or business use through purchase or request.

Receiving Goods

The process of accepting delivery of goods from suppliers, often involving inspection and verification of order accuracy.

Potential for Errors

The likelihood or risk that inaccuracies or mistakes may occur within a process or set of data.

  • Comprehend the essentiality of allocating tasks to diminish errors and avert fraudulence.
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VJ
Vanessa JamesNov 19, 2024
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