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AIS Long Answers 15.1 Questions and Answers 100% correct
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AIS Long Answers 15.1 Questions and Answers 100% correct a purchasing agent orders materials from a supplier he partially owns kickbacks - job rotation and mandatory vacations - requiring purchasing agent to disclose financial and personal interests in suppliers receiving- dock personnel...

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  • August 4, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ais long answers 151 questions and answers 100 c
  • a purchasing agent orders materials from a supplie
  • receiving dock personnel steal inventory and then
  • an unordered supply of laser printer paper delive

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  • Ais
  • Ais

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AIS Long Answers 15.1 Questions and
Answers 100% correct
a purchasing agent orders materials from a supplier he partially owns - answer
kickbacks
- job rotation and mandatory vacations
- requiring purchasing agent to disclose financial and personal interests in suppliers

receiving- dock personnel steal inventory and then claim the inventory was sent to the
warehouse - answer theft of inventory
- (accurate documentation) documentation of all transfers of inventory between
receiving and inventory employees
- segregation of duties: custody of inventory vs receiving

An unordered supply of laser printer paper delivered to the office is accepted and paid
for because the "price is right." After all of the laser printers are jammed, however, it
becomes obvious that the "bargain" paper is of inferior quality. - answer purchasing
goods of inferior quality
-purchase only from approved vendors
- maintaining a list of approved suppliers and configuring the system to permit
purchases only to approved venders

The company fails to take advantage of a 1% discount for promptly paying a vendor
invoice. - answer failure to take advantage of discounts for prompt payment
-filing of invoices by due date for discounts
- can be fixed by voucher package

A company is late in paying a particular invoice. Consequently, a second invoice is sent,
which crosses the first invoice's payment in the mail. The second invoice is submitted
for processing and also paid. - answer duplicate payments
- policy to pay only from original copies of supplier invoices
- Cancelling all supporting documents when payment is made

inventory records show an adequate supply of copy paper should be in stock, but none
is available on the supply shelf - answer stockouts
-perpetual inventory system
- periodic physical counts of inventory

the inventory records are incorrectly updated when a receiving-dock employee enters
the wrong product number at the terminal - answer mistakes in counting
- use of bar codes and RFID tags
- configure ERP system to flag discrepancies between received and ordered quantities
that exceed tolerance threshold per investigation

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