Which of the Following Is an Example of the Type

question 91

Multiple Choice

Which of the following is an example of the type of analytics that an auditor would use for inventory?

• A) Number of day's sales in receivables compared to industry averages.
• B) Inventory turnover for the previous five years.
• C) Days outstanding in accounts payable.
• D) Salaries of marketing personnel as a percent of total inventory.

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Definitions:

Daily Stimulation

Refers to activities or experiences that provide regular mental or physical engagement.

Play Materials

Items and resources used to facilitate play and encourage learning and development in children.

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his pioneering work in the study of child development and his theory of cognitive development.

Formal Operational Stage

A phase in Jean Piaget's theory of cognitive development where individuals (around age 11 and older) gain the ability to think abstractly and reason logically.