Errors Can Occur for Which of the Following Reasons

question 7

Multiple Choice

Errors can occur for which of the following reasons?
I. Mistakes in applying accounting policies
II. Misinterpretation of facts
III. Mathematical mistakes
IV. Fraud

• A) I, II, III and IV
• B) I, II and III only
• C) II, III and IV only
• D) I and III only

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Definitions:

Extrinsic Rewards

Benefits or incentives given to individuals by external factors or organizations, such as money, prizes, or recognition.

Creative Behaviour

The capability to come up with original and useful ideas, solutions, or approaches in various contexts.

External Environment

The factors or conditions outside an organization that affect its operations and performance, including political, economic, social, and technological aspects.

Design Competitions

Contests and challenges where individuals or teams compete to create solutions or products according to specific criteria and constraints.