Which of the following describes a control weakness?
A. Purchasing procedures are well designed and are followed unless otherwise directed by the purchasing supervisor.
B. Pre-numbered blank purchase orders are secured within the purchasing department.
C. Normal operational purchases fall in the range from $500 to $1, 000 with two signatures required for purchases over $1, 000.
D. The purchasing agent invests in a publicly traded mutual fund that lists the stock of one of the company’s suppliers in its portfolio.
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