How Many Accounting Periods Are Affected by an Error in the Measurement

question 138

Multiple Choice

How many accounting periods are affected by an error in the measurement of ending inventory?

• A) 3
• B) 2
• C) 1
• D) 0

---

Definitions:

Deviance

When an entrepreneur defies legal and ethical boundaries, leading to mismanagement of the venture.

Exploratory Experimentation

Research undertaken to investigate, test, and understand complex issues or phenomena without seeking specific outcomes.

Amy C. Edmondson

An academic and author recognized for her work on organizational learning, leadership, teaming, and psychological safety in the workplace.

Founding CEO

The initial chief executive officer who establishes a company, often driving its vision, strategy, and growth from inception.