Which of the Following Would Most Likely Contribute to Discrepancies

question 298

Multiple Choice

Which of the following would most likely contribute to discrepancies between receiving reports and the number of units in a shipment?

• A) Failing to compare the quality of goods received with specifications.
• B) Using inadequate vendor selection procedures.
• C) Accepting improper authorization for purchases.
• D) Indicating the quantities ordered on the receiving department's copy of the purchase order.

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the fair market value of its net assets, representing the value of the business's reputation, brand, and other unquantifiable assets.

Intangibles

Assets that lack physical substance but possess value, such as patents, trademarks, and goodwill.

Amortization Method

A technique used to gradually write off the initial cost of an asset over a period, reflecting its consumption, wear and tear, or obsolescence.

Intangible Asset

An asset that lacks physical substance, such as intellectual property, brand recognition, and trademarks.