Cutoff Procedures for Inventory Purchased Should Be Designed by Companies

question 65

Multiple Choice

Cutoff procedures for inventory purchased should be designed by companies to assure the company that:

• A)inventory owned by the company has been received.
• B)inventory included in the year end inventory count has been paid.
• C)inventory received before year end was recorded before year end.
• D)inventory was correctly valued at year end.

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Definitions:

NOC Outcome

Represents a measurable patient, family, or community state, behavior, or perception that is measured along a continuum in response to nursing interventions.

Distorted Thought

A cognitive process characterized by irrational, exaggerated, or pessimistic perceptions and interpretations of events or interactions.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow in his 1943 paper "A Theory of Human Motivation," which outlines a five-tier model of human needs, arranged in a hierarchy from basic (physiological) to more complex (self-actualization) needs.

Physiological Need

Fundamental requirements necessary for maintaining life and physical health, such as food, water, air, and shelter.