To accomplish the objectives set forth in the expenditure cycle, a number of key management decisions must be addressed. Which of the decisions below is not ordinarily found as part of the expenditure cycle?
◦ How can cash payments to vendors be managed to maximize cash flow?
◦ What is the optimal level of inventory and supplies to carry on hand?
◦ Where should inventories and supplies be held?
◦ What are the optimal prices for each product or service?