A Common Inventory Observation Procedure Is to Be Alert for Items

question 40

Multiple Choice

A common inventory observation procedure is to be alert for items that are damaged, rust- or dust-covered, or located in inappropriate places. The balance-related audit objective being achieved by this procedure is

• A) classification.
• B) cutoff.
• C) realizable value.
• D) rights.

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Definitions:

Public Administrators

Individuals who manage public agencies or non-profit organizations, implementing policies and managing resources to serve the public.

Democratic Principles

Fundamental concepts that guide a democracy, including the rule of law, equal rights, freedom of speech, and the participation of the citizens in political decision-making.

Citizenship Values

The ethical and moral principles that guide a person's conduct as a responsible member of a community or society.

New Public Service

An approach to public administration that emphasizes serving citizens, civic engagement, and the public interest over bureaucratic self-interest.