An Accounting Clerk Working for DBB Neglected to Record the Purchase

question 54

Multiple Choice

An accounting clerk working for DBB neglected to record the purchase of merchandise in 20x1, which was, shipped f.o.b.shipping point on December 20, 20x1, and which arrived on December 31.The goods were included in the ending 20x1 inventory.What was the effect on DBB's 20x1 cost of goods sold?

• A)Cost of goods sold was understated.
• B)Cost of goods sold was overstated.
• C)Cost of goods sold was correct.
• D)Data are not available to determine effect on cost of goods sold.

Understand the communication flow within organizations and its impact on conflict resolution.

Understand the historical development and key figures in I/O psychology.

Identify the major areas of focus and application within I/O psychology.

Recognize the processes involved in personnel recruitment and job analysis.

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Definitions:

Construct Validity

The degree to which a test or instrument accurately measures the theoretical construct or trait it is intended to measure.

Predictive Validity

The construct validity of a measure is assessed by examining the ability of the measure to predict a future behavior.

Discriminant Validity

The extent to which a concept differs from other concepts that are similar, ensuring that the measure is not reflecting other variables.

Convergent Validity

The degree to which two measures of constructs that theoretically should be related, are in fact related.