At Which Point in an Ordinary Sales Transaction of a Wholesaling

question 24

Multiple Choice

At which point in an ordinary sales transaction of a wholesaling business would a lack of specific authorization be of least concern to the auditor?

• A)Granting of credit.
• B)Shipment of goods.
• C)Determination of discounts.
• D)Selling of goods for cash.

---

Definitions:

Ethics Culture

A set of shared values and principles that guide the behavior and decision-making processes within an organization.

Ethical Standards

Accepted principles of right or good conduct in professional practices and individual behavior.

Rationalizer

An individual who offers seemingly reasonable explanations or excuses for behaviors or attitudes that might otherwise appear irrational or inappropriate.

Best Interests

A principle that emphasizes making decisions that are most beneficial for those involved, often used in legal and healthcare settings.