Which of the following is not an item reviewed by the auditor to test the client's assertion related to the presentation and disclosure of inventory?
a. The inventory valuation methods used.
b. The amount of obsolete inventory on hand.
c. The existence of contingent losses associated with long-term purchase commitments.
d. The classification of inventory as raw material, work in process or finished goods.
b
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When an auditor tests a computerized accounting system, which of the following is true of the test data approach?
A. Test data must consist of all possible valid and invalid conditions. B. Testing a program at year end provides assurance that the entity's processing was accurate for the entire year. C. Several transactions of each type must be tested. D. Test data are processed by the entity's computer programs under the auditor's control.
Compared to other retail formats, the greatest benefit that store shopping offers is
A. the ability to touch and feel the products. B. easy availability of information for product comparison. C. personal safety. D. broader and deeper assortments. E. availability of detailed information for evaluating a product.
Marketing logistics involves getting the right product to the right customer in the right place at the right time at the right price. Which of the following is NOT included in this process?
A) planning the physical flow of goods and services B) implementing the plan for the flow of goods and services C) controlling the physical flow of goods, services, and information D) gathering customer's ideas for new products E) A and C
The Pyramid Model of Global Leadership identifies
A. character traits necessary for global leaders. B. a progression of skills required for effective global leadership. C. a progression of activities necessary to build global leadership skills. D. personality traits necessary for global leaders.