Which of the Following Statements Relating to the Competence of Evidential

question 72

Multiple Choice

Which of the following statements relating to the competence of evidential matter is always true?

• A) Evidence from outside an enterprise is always reliable.
• B) Accounting data developed under satisfactory conditions of internal control is not reliable.
• C) Oral representations made by management are not reliable evidence.
• D) Evidence must be both reliable and relevant to be considered appropriate.

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Definitions:

Social Dilemmas

Situations in which individual decisions for personal gain lead to outcomes that are suboptimal for the collective group.

Stakeholders

Individuals or groups that have an interest in the decisions and activities of an organization and can be affected by its outcomes.

Inventory

The stock of goods or materials that a business holds for the purpose of resale or production, critical for meeting customer demand and operational needs.

Managing Quality

Involves overseeing operations and processes to ensure that products or services are meeting predefined standards and customer expectations.