ACCT 402 SEU Week 12 The Primary Cause of Price Inflation Questions

1. Under the expenditure cycle ordering materials, supplies andservices are the first activity. Explain the following ordering threats withsuitable example with each of these

a) Purchasing at inflated prices

b) Unreliable Suppliers

c) Kickbacks

2. There may be several production operationsthreats. State any three production operations threats and also suggest somemeasures to control these threats.

3. Under the payroll system of an organization we find severalcomponents such as HRM Department, Employees, Bank, Government Agencies, Insurance and othercompanies and various other departments. Take an example of an organization andexplain the relationship of these components with reference to Payroll Systemof that organization.