A Major Source of Cutoff Information for Sales and Purchases

question 54

Multiple Choice

A major source of cutoff information for sales and purchases of inventory is

• A) confirmations from outside parties.
• B) the test of details of balances.
• C) physical observation.
• D) the performance of analytical procedures.

---

Definitions:

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, values, or ideas at the same time.

Stimulus Generalization

A psychological phenomenon where a response to a specific stimulus also occurs in response to similar stimuli, often used in marketing to create brand families or product lines.

Calcium Supplement

a dietary product intended to provide calcium, essential for bone health and other bodily functions, to those who may not get enough from their diet.

Learned Predisposition

An acquired tendency to respond in a consistent way to a given object or entity, shaped by experiences, attitudes, and culture.