Business Management Question:

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Which scenarios can be considered as a good practice of internal control?
1. the employee who creates a purchase requisition approves the purchase order after the approval of the head of the programme/department (budget manager)
2. the treasurer (cashier) is not the same person who approves the accounts payable invoice.
3. the treasurer (cashier) reconciles the bank account records in the erp system with the bank statements every day, creates and approves correcting entries in the general ledger when necessary.
4. the administrative assistant receives a computer from the vendor for the office and creates a payable invoice.

Business Management Interview Question
Business Management Interview Question

Answer:

No 2 only

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Proctor & Gamble (P&G) makes fourteen different laundry soap products and completely dominates the laundry detergent market. Through constant changes in packaging, it is trying to influence the perception of customers that its products are unique. Which of the following generic strategies is P&G using?
a) Cost leadership
b) Differentiation
c) Focus
d) Globalization
e) Niche strategy.
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