The prices entered on sales orders should be independent of the sales order function.To achieve this transaction cycle control,the company's ordering system should use
A) an independently prepared master price list authorized by management.
B) prices found in the order database.
C) prices listed by the sales representative who initiated the order.
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

The best choice is an independently prepared master price list authorized by management to ensure that the prices entered on sales orders are independent of the sales order function. This helps to prevent any manipulation or errors in pricing by sales representatives, and gives a standardized pricing system for all sales orders. Prices found in the order database or listed by the sales representative who initiated the order may not provide this level of control. Therefore, only option A is the best choice for transaction cycle control.

The Prices Entered on Sales Orders Should Be Independent of the Sales