'While Auditing James Ltd, You Find That Their Inventory Turnover

question 10

Multiple Choice

'While auditing James Ltd, you find that their inventory turnover has decreased from 7.8 times to 5.4 times during the year.Based on this decrease, which financial report assertion would you be least concerned with?

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

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Definitions:

Supportive Leadership

A leadership style that focuses on building trust, encouragement, and empathy towards members to boost morale and job satisfaction.

House's Path-Goal

A leadership theory that suggests leaders can increase subordinate satisfaction and performance by clarifying and clearing the paths to their goals, taking into account the work environment and the characteristics of the employees.

Worker Self-Confidence

The belief employees have in their own abilities to carry out tasks and achieve goals.

Substitutes for Leadership

Factors or conditions that make the direct leadership less necessary or irrelevant, such as highly routine jobs or comprehensive work processes.