Which Is NOT a Purpose of a Product Description

question 490

Multiple Choice

Which is NOT a purpose of a Product Description?

• A) Define the time and cost needed to produce the product
• B) Define the quality skills required to check the product
• C) Define the function and appearance of the product
• D) Define the development skills required to produce the product

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Definitions:

Short-Term Receivables

Assets expected to be turned into cash within a year, such as accounts receivable from sales or services.

Risk Assessment

The process of identifying, analyzing, and evaluating risks associated with the objectives of an organization, essential for informed decision making and risk management.

Internal Control

A system of policies and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Reasonable Assurance

An acceptable level of certainty provided by internal controls intended to minimize errors and fraud in financial reporting.