Which Items Should Auditors Select When Testing Inventory for Pricing

question 40

Multiple Choice

Which items should auditors select when testing inventory for pricing?

• A) high-priced items
• B) items with stable prices
• C) representative items
• D) both A and C

---

Definitions:

Aspartate Aminotransferase/Alanine Aminotransferase

Enzymes found in the liver and other tissues, high levels in the blood can indicate liver damage.

Triglycerides

A type of fat found in the blood, used by the body for energy, but high levels can increase the risk of heart disease.

Contingency Management

A behavioral therapy technique that rewards individuals for desired behaviors to increase the frequency of those behaviors.

Cognitive Behavioral Therapy

A form of psychotherapy that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.