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Answer the following questions to see what you've learned.

1.

Which of the following organization hierarchy purposes in finance and operations apps controls the spending limits for a business?

Expenditure internal control

Procurement internal control

Signature authority internal control

Vendor payment internal control

2.

Which of the following organization hierarchy purposes in finance and operations apps defines purchasing policies for a business?

Expenditure internal control

Procurement internal control

Signature authority internal control

Vendor payment internal control

3.

Which of the following organization hierarchy purposes in finance and operations apps validates the vendor that the Accounts payable clerks are authorized to generate payment for?

Expenditure internal control

Procurement internal control

Signature authority internal control

Vendor payment internal control

You must answer all questions before checking your work.