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Mr. Dubey • 95.57K Points
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Q. Vendors should be approved by Management before purchase department executes an order. If this is not done, then which of the following situations may arise?

  • (A) Purchases could be made from vendors whose product quality may not be good
  • (B) Purchases may be made from related parties without management’s knowledge
  • (C) Purchases could be made from vendors who may have offered price to manager purchases
  • (D) Any of these
  • Correct Answer - Option(D)
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  • Filed under category Auditing
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