Question

1. The level of departmental activity is higher with an integrated purchases processing system than it is with a basic technology system.

True

False

2. The use of inventory reorder points suggests the need to obtain proper authorization.

True

False

3. The greatest risk of theft occurs

a. in the receiving department

b. in the warehouse

c. in the mailroom

d. both a. and b.

4. To maintain a good credit rating and to optimize cash management, cash disbursements should arrive at the vendor's place of business

a. as soon as possible

b. on the due date

c. before the discount date

d. by the end of the month

Answer 1

Answer:

giventhat

1.

The level of departmental activity is higher with an integrated purchases processing system than it is with a basic technology system.

False

2.

The use of inventory reorder points suggests the need to obtain proper authorization.

True

3.

The greatest risk of theft occurs in the receiving department

The greatest risk of theft occurs in the warehouse.

Option d

4.

To maintain a good credit rating and to optimize cash management, cash disbursements should arrive at the vendor's place of business before the discount date.

Option c