Which of the following is the most effective control procedure to detect vouchers that were prepared for the payment of goods that were not received?
A) Count goods upon receipt in storeroom.
B) Match purchase order, receiving report, and vendor's invoice for each voucher in accounts payable department.
C) Compare goods received with goods requisitioned in receiving department.
D) Verify vouchers for accuracy and approval in internal audit department.
B
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A firms sales force should be derived from its marketing strategy
a. true b. false
Which of the following is true of the product life cycle?
A) In the early stages of the product life cycle, the NMC is positive. B) As the product moves into the declining stage, it reaches a break-even NMC. C) As the market matures, flat market demand, and lowered marketing and sales expenses results in higher NMCs. D) At a break-even NMC, the gross profit is equal to the marketing and sales expenses. E) At the early growth stage, the annual NMCs grow and eventually peak.