If Purchase Adjustments Are Estimated at Quarter End, _______

question 157

Multiple Choice

If purchase adjustments are estimated at quarter end, _______.

• A)management should establish controls to ensure adjustments are made based on analysts' information and that adjustments are consistent from quarter to quarter
• B)the auditor should establish controls to ensure adjustments are made based on reliable information and that adjustments are consistent from quarter to quarter
• C)management should establish controls to ensure adjustments are made based on reliable information and that adjustments are consistent from quarter to quarter
• D)management should establish controls to ensure adjustments are made based on regulatory information and that adjustments are consistent from quarter to quarter

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Definitions:

Behavioral Characteristics

Traits or patterns of action or reaction that are characteristic of an individual or group in certain situations.

Job Successfully

Achieving objectives and tasks at work effectively and efficiently, meeting or exceeding performance standards set by employers.

Job Qualifications

The set of requirements and attributes, such as education, skills, and experience, necessary for an individual to perform a specific job effectively.

Emotional Intelligence

The ability to understand one’s own emotions and the emotions of people with whom one interacts on a daily basis.