Selecting a Sample of Quantities of Inventory in the Warehouse

question 32

Multiple Choice

Selecting a sample of quantities of inventory in the warehouse and tracing each item to the final stock sheets helps address which of the following assertions in respect of inventory?

• A)Completeness.
• B)Valuation and allocation.
• C)Existence.
• D)Rights and obligations.

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Definitions:

Wundt

Often referred to as the father of experimental psychology, Wilhelm Wundt established the first psychology laboratory at the University of Leipzig, Germany.

Freud

Sigmund Freud, originating from Austria and specializing in neurology, pioneered psychoanalysis, which is a therapeutic procedure for mental health issues conducted through dialogue between psychoanalysts and their patients.

B.F. Skinner

A prominent American psychologist known for his work in behaviorism and for developing the theory of operant conditioning.

Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning processes, focusing on observable behaviors and disregarding mental activities.