Under the expenditure cycle ordering materials, supplies and services are the first activity

Under the expenditure cycle ordering materials, supplies and services are the first activity

Under the expenditure cycle ordering materials, supplies and services are the first activity. Explain the following ordering threats with suitable example with each of these.                                                                       (1.5 Marks)

1. a) Purchasing at inflated prices
2. b) Unreliable Suppliers
3. c) Kickbacks

acct_402_assignment_3_questions (1)