For an Audit to Have Value, the Results Must Be

question 22

Multiple Choice

For an audit to have value, the results must be:

• A) Kept confidential.
• B) Acted upon.
• C) Publicized.
• D) Copied to the Attorney General of your state.

---

Definitions:

Prepaid Freight

Costs paid by a shipper in advance for shipment of goods, indicating that the sender bears the freight charges.

Cash Discount

A reduction in the invoice price offered to buyers as an incentive for early payment.

Wholesalers

Companies that sell merchandise to other businesses rather than to the public.

Credit Terms

Terms for payment on account by the buyer to the seller.