Which of the Following Is an Example of the Type

question 46

Multiple Choice

Which of the following is an example of the type of analytics that an auditor would use for inventory?

• A)Number of day's sales in receivables compared to industry averages.
• B)Inventory turnover for the previous five years.
• C)Number of obsolete units this period compared to last.
• D)Salaries of marketing personnel as a percent of total inventory.

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Definitions:

Jean Piaget

A Swiss psychologist renowned for his pioneering work in developmental psychology, specifically his theory of cognitive development in children.

Animistic Thinking

A cognitive conception in children where inanimate objects are believed to have life and animate qualities.

Centration

A term from Piaget's theory of cognitive development, describing a stage where a child focuses on one aspect of a situation, neglecting other relevant features.

Deferred Imitation

The ability to replicate an action observed at a later time, which demonstrates an advanced level of cognitive development in children.