Which document is least important in determining the financial value of a purchase?

A$.$ purchase requisition

B$.$ purchase order

C$.$ receiving report

D$.$ supplier's invoice

E$.$ A and B

Which internal control is not an important part of the payroll system?

A$.$ Supervisors verify the accuracy of employee time cards.

B$.$ Paychecks are distributed by an independent paymaster.

C$.$ Accounts payable verifies the accuracy of the payroll register before transferring payroll funds to the general checking accounting.

D$.$ General ledger reconciles the labor distribution summary and the payroll disbursement voucher.

E$.$ A and B

The internal control significance of the excess materials requisition is that it

A$.$ indicates the amount of material released to work centers

B$.$ identifies materials used in production that exceed the standard amount allowed

C$.$ indicates the standard quantities required for production

D$.$ documents the return to raw materials inventory of unused production materials

E$.$ none of above

In contrast to tactical planning decisions, management control decisions, and operational control decisions, strategic planning decisions usually

A$.$ are more focused

B$.$ have a shorter time frame

C$.$ are unstructured

D$.$ have a high degree of certainty

E$.$ taking corrective action when necessary

Which characteristic is associated with the database approach to data management?

A$.$ data sharing

B$.$ multiple storage procedures

C$.$ data redundancy

D$.$ excessive storage costs

E$.$ database administration

$-$End of section A$-$