Ensuring Inventories Include All Materials, Products and Supplies on Hand

question 17

Multiple Choice

Ensuring inventories include all materials, products and supplies on hand at the end of the reporting period derives from the audit assertion of:

• A) completeness
• B) valuation and allocation.
• C) existence
• D) rights and obligations.

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Definitions:

Expectancy Theory

Expectancy Theory is a motivational theory that suggests individuals are more likely to perform actions if they expect their efforts will lead to desired outcomes.

Motivation Principles

Fundamental guidelines or theories that explain how and why individuals are driven to achieve goals, perform tasks, or engage in specific behaviors.

Introduction Path-Goal Theory

An initial overview or explanation of the leadership theory that emphasizes how leaders can facilitate the achievement of objectives by clarifying the path and removing obstacles.

Studies

Systematic investigations or research aimed at acquiring knowledge and understanding in a specific field.