An Important Primary Purpose of the Auditor's Review of the Entity's

question 64

Multiple Choice

An important primary purpose of the auditor's review of the entity's procurement system should be to determine the effectiveness of the activities to protect against:

• A)improper materials handling.
• B)unauthorized persons issuing purchase orders.
• C)mispostings of purchase returns.
• D)excessive shrinkage or spoilage.

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Definitions:

Partial Reinforcement

A conditioning schedule in which a reward or punishment is not administered every time the desired response is performed, leading to slower extinction of the response.

Gamblers

People who risk money or something of value on an event with an uncertain outcome in hopes of winning additional resources.

Variable-Interval

In the context of operant conditioning, a schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed.

Shooting Stars

Small, rapidly moving meteoroids that, when they enter the earth's atmosphere, burn up and create a visible streak of light in the sky.