Radio Supplies Limited Sells Parts and Components to Organizations That

question 12

Multiple Choice

Radio Supplies Limited sells parts and components to organizations that repair radios and other forms of audio equipment.It has many parts on its inventory listing at cost that were purchased up to fifteen years ago.Some of these parts have not seen any movement in the last ten years.The general balance-related audit objective affected by this activity is

• A)completeness.
• B)accuracy.
• C)valuation.
• D)existence.

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Definitions:

Howard Gardner

An American cognitive psychologist who introduced the theory of multiple intelligences, emphasizing that individuals have distinct kinds of intelligences such as linguistic, logical-mathematical, and musical.

Major Parts

Essential components or sections that make up a whole structure, system, or object.

Triarchic Theory

A theory of intelligence that posits three aspects of intelligent behavior: analytical, creative, and practical intelligence, as formulated by psychologist Robert J. Sternberg.

Analytical Intelligence

The aspect of intelligence that involves the ability to analyze, evaluate, judge, compare, and contrast.