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What budd was probably able to accomplish

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Reference no: EM132806828

Problem 1: R. Budd, the purchasing agent of Lake Hardware Wholesalers, has a relative who owns a retail hardware store. Budd arranged for hardware to be delivered by manufacturers to the retail store on a cash-on-delivery (COD) basis, thereby enabling his relative to buy at Lake's wholesale prices. Budd was probably able to accomplish this because of Lake's poor internal control over:

a. purchase requisitions.
b. cash receipts.
c. perpetual inventory records
d. purchase orders.

Reference no: EM132806828

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